Universal Life Insurance with Long Term Care Rider included
The Long Term Care (LTC) rider will pay you an advance of your death benefit. The monthly benefit amount for LTC is usually a percentage of the policy death benefit, which is payable after a defined elimination period, when you qualify for Long Term Care. This great feature allows you to use the death benefit while you are still living to help offset expenses associated with Long Term Care. (Issue ages depend on insurance provider, usually between ages 18 – 70).
Please contact the Office of Human Resources at 6-6616 if you need any additional information or have questions.