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Like any standard life insurance policy, you have a death benefit (pay-out) in the event of your death. This concept allows you to borrow from your death benefit and fund your long term care needs. This however will reduce your pay-out at the time of your death, by any long term care money drawn from the death benefit. When the need for long term care arises, you can borrow a percentage, depending on the plan chosen to pay a monthly cash benefit. Any benefits paid will reduce the death benefit and all other policy values as well as the premiums you owe. There is a 90 day waiting period before the benefits would be paid once you become chronically ill. For more information on how to fund your long term care please contact us. |
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Send mail to todd_joe@att.net with
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Why not fund your long term care needs with a
standard life insurance policy?