The powerful combination of life insurance and long-term care coverage to address multiple client concerns.
Long-term care (LTC) and chronic illness riders are attachments to a permanent life insurance policy that accelerate the death benefit to help cover costs relating to long-term care services (nursuing homes, private nurses, etc.) and costs for chronically-ill insured. Each rider is considered an add-on item to the policy, with its own qualifications. Some companies provide LTC and chronic illness riders to be purchased as standalone products.