Long-Term Care is not the most pleasant topic of conversation but it is something for which we should all be prepared. Consider this: Approximately 1 in 2 people turning age 65 will need some type of paid long-term care services in their lifetimes. But just like financial planning, long-term care planning must take place sooner rather than later.

The cost of care could vary widely. For example, the median annual cost for a home health aide is currently almost $54,000. A year in a nursing-home private room is expected to be almost three times that amount. And the estimated lifetime cost of care for someone with dementia is over $390,000.  And as our life expectancy grows, the potential costs will continue to increase.

Here’s how our program works:  The long-term care rider on this life insurance policy will accelerate the death benefit to provide a monthly LTC benefit of 4% of your policy’s face amount.

For example, if your policy’s face amount is $150,000, the monthly benefit is $6,000 and can be paid to you up to a total of 50 months for a total maximum payout of $300,000.

The death benefit is equal to the face amount of the policy. Typically, we purchase term life insurance during our working years to provide for our spouse or children in the event of our premature death. Then, after that term expires – usually around retirement age – the coverage will lapse and the death benefit disappears entirely.  Under this universal life policy, you can secure a maximum death benefit for your working years and then at age 70 it does not disappear, but instead you will still have a death benefit equal to one third your face amount.

And unlike term life insurance or a typical long term care policy, there is also build-up of cash value over time, which can be withdrawn or borrowed against. The younger you are when you acquire your policy the more cash value can build over time. The younger you are when you enroll, the lower your rate. Enrolling sooner rather than later, can potentially save you tens of thousands of dollars over the life of the policy.

Please remember, this is a limited time offer.  Through this enrollment window only you will be able to:

• Bypass the full underwriting process. There is no medical exam required.
• Acquire benefits for your future with rates based on the age you are today. The younger you are when you enroll, the lower your rate.
• You will have the satisfaction that this policy will provide some form of payment to you or your family regardless of long-term care need.
• And you can take comfort in knowing the terms and rates do not change when you retire or leave the company for any reason.