Life with LTC Rider/Accelerated Death Benefit

Clients have the option of meeting their Long Term Care needs in a variety of ways.

 

1)  Stand-alone LTC (Long Term Care) products – See our LTC tab for carriers.

 

2)  Hybrid Products – allow clients to purchase a low death benefit and have a majority of their money remain liquid.  Clients have  liquidity, a death benefit and long term care coverage.   (Lincoln’s MoneyGuard, Genworth’s Total Living Coverage, One America- are examples of this type of product)

 

3)  Life Insurance with a Chronic Illness/ LTC RIDER.  It’s important to understand the differences in the riders.   Only a few carriers offer a true LTC rider.  Many are chronic illness riders, where the illness must be deemed permanent.   See the comparison below.  Not all carriers that we represent are included in this comparison.  Nationwide is another carrier that offers a very competitive rider that should be considered.

There is a great deal of confusion over the differences between the LTC and chronic Illness Riders.   This is a great comparison tool from NationwideCLICK HERE TO READ BETWEEN THE LINES 

 

BELOW ARE LINKS TO THE VARIOUS CHRONIC ILLNESS RIDERS AND LONG TERM CARE RIDERS

 

AIG Changes to AAS Rider: CLICK HERE FOR A COMPARISON

When the unforeseen chronic illness claim does occur, we make life simple with our chronic illness rider Accelerated Access Solution® (AAS):

  1. No need for Chronic Illness to be Permanent
  2. Premium Reductions are waived
  3. Payment of AAS Benefits while on claim

As your client comes OFF claim, they can be guaranteed there are no “gotchas” and no “catch-up” premiums.

AXA Client Video: Why add a LTC rider

AXA: LTC rider Overview

Global Atlantic

Global Atlantic Click here for Accelerated Access Rider Info

John Hancock Sellers LTC Guide May 2019

John Hancock Consumer LTC Rider Guide

John Hancock Producer LTC Rider Guide

Lincoln Care Coverage Accelerated Benefits Rider for Long Term Care Expenses Client Guide 2.2019

Mutual of Omaha LTC Rider 2.2019 Flyer

Mutual of Omaha LTC Rider : Indemnity vs. Reimbursement 2019

Nationwide LTC Rider on Life Product

 Nationwide LTC Rider on Life Product- CASE STUDY

Pacific Life NEW Promise with Chronic Illness Rider May 2019

Pacific Life Promise with Chronic Illness Rider FORM May 2019

Protective Extended Care Rider Top 10 Reasons to add the ECR Rider     ECR Consumer Brochure

PRU Benefit Access Rider Fast Facts Updated March 2019

PRU Benefit Access Rider Underwriting Criteria Updated March 2019

Transamerica Trendsetter LB Consumer Guide

Transamerica IUL with Living Benefits Rider Client flyer May 2019

Transamerica IUL with Living Benefits Rider Brochure May 2019

 

 

 

 

View Desktop Site