Limited-Duration Premium Payment Options
In addition to a lifetime premium payment duration, EssentialLTC also offers limited duration premium payment options to provide the flexibility to design a policy for many consumers’ financial goals:

10-YEAR PREMIUM This option provides premiums to be paid over a 10-year period, after which no further premiums will be due. Premiums are only subject to change during the 10-year premium payment period. After the 10-year premium payment period, the policy will be fully paid-up, noncancelable, and not subject to rate increases.

SINGLE PREMIUM The option allows the policy to be funded with a single premium payment after which no additional premiums are due, making the policy fully paid-up, noncancelable, and not subject to rate increases.

55 Year Old Couple | Claim in 30 Years

* Plan used is a Joint Policy with a 5-Year Benefit Period, 90-Day Elimination Period, $150 Daily Benefit Amount, Shared Benefit Amount Rider, HCCS Premium Waiver Rider, 3% Compound Inflation Protection Rider