Does The Thought of Paying for Long-Term Care Costs Have You Worried?
More Options, Less Worry
Before Medicaid will cover your long-term care needs, you are expected to use any savings you have to pay for your own care.
Only once your savings are gone, will Medicaid take over.
But when Medicaid does take over, you may have less choice about your care. Medicare only covers skilled care and only if certain requirements are met. Of course, your family members could provide the care you may need someday, but with the way families are spread across the country, that may not be possible.
Watch this three-minute video and see a different way to ensure your golden years are covered.
Once you are done, we encourage you to reach out to us with your questions. We are happy to start the conversation and guide you through long-term care.
What is the Difference Between a Traditional Long-Term Care Policy and a Whole-Life Insurance Policy with the Long-Term Care Rider?
Traditional Long-Term Care Policy
- Can be used for only one function - Long-Term Care
- You have to "use it or lose it" - You can't recover premiums paid
- Subject to potential multiple rate increases for the life of the policy
Whole-Life Insurance Policy with the Long-Term Care Rider
- The policy can be used for multiple functions:
- Long-Term Care Benefit
- Leveraged Death Benefit
- Guaranteed Cash Value Accumulation
- More stable pricing structure - In fact, when using the single premium payment option you are guaranteed no rate increases!
Whole-Life Insurance with the Long-Term Care Rider gives you more options to choose from. And, if you don't use it or just partially use it for Long-Term Care, your beneficiary receives the remaining death benefit income tax-free!
Here's What Others Are Saying
"I purchased this product for myself two years ago and was recently diagnosed with early stages of Parkinson’s. I am very thankful I had the foresight to buy this policy while I could."
Jack D. – Phoenix, AZ
"My mother purchased a Long-Term Care policy in 1989 and paid on it for nearly 20 years before she had her first minor stroke. She came to live with us at home so I could care for her. She passed 2 years later. We never needed institutional care, so the policy never paid her a single cent. I wish this type of coverage had been available when she purchased her policy. We could have at least recovered the premium from the death benefit."
Ann L. – Franklin, TN
"At the end of her life Mom suffered from dementia and was in full care for 11 months before she passed. It was a sizable expense even when shared by my siblings and me. I don’t want that financial burden for my children."
Tom A. – Chattanooga, TN
"My agent suggested we consider splitting the coverage into two policies to provide even more options after I retire. This way, if life gives me an unforeseen turn, we can cash in one policy and still maintain a portion of my Long-Term Care coverage in the other! This gives me even more options I never would have had with a regular Long-Term Care policy."
John N. – Kansas City, MO
"Thank you for taking the time to explain how this coverage compares to traditional Long-Term Care. It makes so much sense for me."
Don A. – Johnson City, TN
"The people at Pekin Insurance were very helpful and patient with all my questions. They are so nice to work with."
Carol A. – Topeka, KS
Who Will Be Helping Me?
I can help because I deal with Long-Term Care for my loved ones as well. I am living it every day, just like you.
Hi, my name is Carol Nite. I know firsthand what it means to be a caregiver and understand many of the challenges that both the person needing care and those providing it will face.
My husband and I have dealt with all four of our parents needing various levels of care in their senior years. And, three years ago, my husband was diagnosed with Parkinson’s disease. As a result, we are having conversations about Long-Term Care now, while we still can, so that we can be better prepared for whatever the future brings.
Through all this, I want to take both my professional and personal experience with insurance to help you be better prepared as well. As a licensed insurance agent with Allegiance Insurance Services, Inc., I can act as a resource for you and help guide you through the plethora of options out there, while you still can too.
My goal is to help you and your loved ones navigate these uncertainties so that you and your family's future can be better protected.
I look forward to speaking with you.