Long Term Care Rider vs Policies

The Financial Burden of Long Term Care

Long Term Care is extremely expensive regardless of the option you choose for care. There are riders or insurance policies that will help you lower the expensive risk of long term care. You can even get life insurance with a long term care rider that will pay for the care if you are in that sort of position.

Where can I get Long Term Care?

You can get an actual policy that addresses specifically long term care, however, that tends to be the more expensive route to take. Another option might be by getting a Universal Index Life Insurance policy or even a Universal Life policy with a long term care rider. There are many other avenues in which you can get long term care coverage. However, consulting with a licensed insurance agent will offer in-depth details on how you can go about doing that.

Long Term Care can be a huge risk for most people. That’s why it is important to prepare yourself for the unexpected. Here are some of the options for long term care as well as a few ways to get long term care coverage for the fraction of the cost of actual long term care.

  • Traditional/Standalone – This is a policy by itself that is centered around long term care. 


  • IUL with a long term care rider 
  • Single Preiume Solutions 
    • UL with a Long Term Care Rider 
    • Annuity with a Long Term Care Rider 

What options are there for care?

There are several options for Long Term Care, there are skilled living physicalities, adult daycare, Nursing Homes and even in-home care. Some of these options may seem the same or very similar, so what’s the difference?

Nursing Homes – Everyone has heard of them, these have skilled nurses working for them around the clock. These tend to be some of the more expensive options.

Adult Day Care – This is essential for someone that lives with another person that can not take care of them during the day due to work or another conflicting issue. The individual is taken to a facility for the day and then returned back home at the end of the day.

Skilled Living Facility – These facilities tend to have full-time staff. However, they are not nurses and only have some training in the medical field. These places tend to be cheaper but still provide excellent care to most residents.

In-Home Care – This is when you have a nurse or skilled worker come to your home to help you. They stay with you to help you out as needed.

These options may be covered under specific policies. However, typically there is a limit on how long and how much you can spend before the policy is no longer active.

Get with one of our life and financial experts today! They can help you choose a policy. Additionally, they can conduct a policy review to ensure that your current policy is still right for you!

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