Provides financial resources and peace of mind should a chronic health condition require extended care...
With nearly 2 in 3 people will require some form of long term care services prior to death, the importance of long term care planning is an essential element in any financial plan.
Common benefit periods for long-
There are fewer companies today willing to offer an unlimited/lifetime policy, although some have a “high coverage option” like a $1 million lifetime limit. (SOURCE: www.longtermcare.gov)
Long Term Care Insurance: a type of insurance developed specifically to cover the costs of long-
In addition to traditional insurance options, Vision Advisors also offers Life/LTC and Annuity/LTC hybrid products, which have become increasingly popular among clients due to their flexibility in design and the ability to adapt the use of the product as needed.
The Life/LTC combination products typically provide access to a portion of the death benefit to pay for long term care services under qualifying situations. The Annuity/LTC hybrid products either provide access to the income benefit directly, or provide additional funding for long term care through some type of enhanced care rider.
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