Long Term Care, Short Term Care, Recovery Care Insurance
We Offer Effective And Affordable Long Term, Short Term, And Recovery Care Plans That Are Essential To You And Your Family.
About Long Term Care, Short Term Care, & Recovery Care Insurance
Long-term care insurance – whether a standalone policy or a rider covers the cost of care, benefits to be paid daily, weekly or monthly at an agreed upon amount, when an individual needs help with two or more activities of daily living, or has severe cognitive impairment that requires constant supervision to prevent them from harming themselves or others.
The activities of daily living include bathing, dressing, toileting, continence, transferring, and eating. Someone might need help with these activities after an accident, stroke, major surgery, advancement of a chronic illness, or other serious condition.
Similar to a standalone long-term care policy’s requirements, a long-term care rider on a Life Insurance Policy may have a 90-day waiting period before benefits will be paid.
The payments you receive through the long-term care rider are subtracted from your policy’s death benefit, and your beneficiaries will receive a reduced payout when you die. If your life insurance policy has cash value, activating the long-term care rider may reduce the policy’s cash value.
Some policies let you use the benefit to pay for care from family members, while others require that you receive it from licensed healthcare providers. Even if family care is allowed, you may need to submit a plan of care from a licensed healthcare professional and have it recertified annually for the rider to cover your care.
Short-term care / Recovery Care Insurance – For a Period of 360 days benefits to be paid daily, weekly or monthly at an agreed upon amount, when an individual needs help with two or more activities of daily living or has severe cognitive impairment that requires constant supervision to prevent them from harming themselves or others.
The activities of daily living are bathing, dressing, toileting, continence, transferring, and eating. Someone might need help with these activities after an accident, stroke, major surgery, advancement of a chronic illness, or other serious condition.
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Learn more about your Short Term Care Insurance options. Have questions? Let me know!
