Options & Riders
The following are the options for the company that I have found to offer the best value for most clients at this time. However, companies are coming out with new policies and existing policies are being changed so please contact me if you are interested in this type of insurance for my current recommendations for your specific situation.
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Coverage Options and Riders |
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Facility Care: Can be for 1, 2, 5 years, or lifetime. |
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Home Care: Can be for 1, 2, 5 years, or lifetime. It can not be for a longer time period than the facility care component. |
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Return of Premium: Based on a specific criteria, the insured or their estate may be entitled to a return of premiums paid. |
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Inflation: Not available on most policies but will be offered when policies are reissued in the fall |
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Elimination or waiting Periods |
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90 Days on both home care and facility care | Payments do not start until you have accumulated 90 days of home health care or care in a long term care facility. How this is calculated differs amongst companies and can be significant |
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60 Days for home care and no waiting for facility care | Payments do not start until you have accumulated 60 days of home health care but start immediately on the admission to a Long Term Care Facility. |
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Please email with any questions on the above to: |
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