Long Term Care Re-Imbursement or Indemnity Plans available to help cover your expenses in a nursing home and/or at home.  Most plans pay proceeds after a selected waiting period after the insured can no longer perform 2 of the activities of daily living.

  1. Some policies can be purchased with monthly or annual premiums. Most of the products have premiums that are suspect to change.
  2. Some policies allow for a large, single lump sum premium. They provide a death benefit if you die, long term care benefits if you can’t perform 2 of the activities of daily living or cash value if you surrender the policy.
  3. Many low cash value, guaranteed premium universal life policies now have critical illness and chronic illness long term care riders.