Long
Term Care
This program is endorsed by your association.
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.
Eligibility:
Members, their spouses, parents, parent-in-law,
grandparents and grandparents-in-law from age 25 to 84 are
eligible to apply.
Feature:
• 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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