Long Term Care Insurance
Planning for senior living expenses can be challenging, but our Long Term Care Insurance solution offers a flexible and accessible option for individuals up to the age of 80. This product is designed to provide financial support for Activities of Daily Living (ADL), offering peace of mind and control over your care.
Understanding the Activities of Daily Living (ADL) Rider on Fixed Indexed Annuities: A great solution for the many challenges seniors face, offering valuable benefits and flexibility.
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Key Benefits
Available Until Age 80: You can add this rider to your annuity if you're 80 years old or younger, but not at age 81.
Simple Medical Underwriting: Approval is easy. You just need to confirm that no doctor or medical professional has told you that you’ll need to move into a care facility within the next six months.
No Receipts or Special Requirements: You don’t need to hire qualified caregivers or keep receipts. You’re in control of how you use the money.
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How It Works
For a single annuity, the rider can provide double your monthly payments for up to 60 months if you need help with activities of daily living.
For a joint annuity, both lives are covered with a 50% increase in payments. This could provide benefits for up to 120 months, depending on the situation.
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Why It’s a Great Option
Lifetime Income Guarantees: You won’t outlive your income, and there are some death benefits left for your loved ones.
Easier Qualification: Unlike some insurance options that decline coverage for health conditions like diabetes or arthritis, this rider provides a more inclusive solution.