Enjoy the flexibility.
Unlike a long-term care policy, life insurance living benefits are not a “use it or lose it” feature. In the event of a qualifying condition, clients have the power to choose how the funds are used.
- 52% of Americans reaching 65 will need some type of long-term care services in their lifetimes
- $102K is the annual cost for a private room at a nursing home facility
- 75% do not know that permanent life insurance can be used to cover long-term care costs