Long
Term Care
Long Term Care (LTC) provides a monthly benefit when an individual
requires skilled, intermediate or custodial care in a nursing facility
or care at home. The level premium is based on your age at enrollment
and pays regardless of government programs or other insurance.
Benefits begin when an insured is unable to perform two or more
of the Activities of Daily Living (eating, dressing, transferring,
toileting, continence and bathing) or suffers from Cognitive Impairment.
Carrier:
Paul Goebel Group accesses multiple carriers: Transamerica Occidental
Life Insurance Company, John Hancock Life Insurance Company,
Great American Life, MetLife
Eligibility:
Members, their spouses, parents, parent-in-law, grandparents
and grandparents-in-law from age 25 to 84 are eligible to
apply.
Features may include:
• Benefits from $1,000 to $6,000 per month.
• Benefit Period: 2, 3, 6 years, or lifetime
• Elimination Period: 30, 60, 90, 180, or 360 days
• Indemnity Model: Full daily benefit paid regardless of expenses (versus
a reimbursement
model)
• Waiver of Premium (Retroactive to 1st day of disability)
• Respite Care - 15 days/year
• Guaranteed Renewable
• "Level Funded"
• Inflation Protection (Optional)
• Total Home Care (covers informal caregivers; including family and friends)
• Individual Policy - Each has own anniversary (billing) date
• Optional Payment Plans
Paid up after 10 years
Paid up at Age 65
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