Add a Long-Term Care Rider to Your Life Insurance for Your Golden Years
Be prepared for later in life. Enroll today!
The costs for long-term care are high and are expected to double in the next few decades. It's easy to exhaust retirement savings and assets on long-term care expenses if you aren't prepared. Including a Long-Term Care (LTC) Rider on your life insurance plan can help cover those expenses in the event you need them.
- Use funds from the death benefit, while living, to pay for qualifying long-term care, such as in-home services or nursing home expenses.
- If you don't need to activate the LTC rider, beneficiaries receive the policy's full death benefit.
Partner Life Insurance is running a special enrollment period for this new offering. For a limited time, you can enroll in this benefit without a medical questionnaire.
Watch the video to learn more.
The Cost of Long-Term Care
Nearly 70% of retirees will need some type of long-term care, according to the U.S. Department of Health and Human Services.
The median cost for long-term care ranges from $53,768 to $105,850 per year.
(Genworth, 2020)
Questions?
Contact your benefits manager with questions
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