The financial reality of aging often includes the potential need for long-term care (LTC) services, which are typically not covered by standard health insurance. Planning for this significant expense is one of the most important financial decisions you can make, and it provides a gift of security to your family. The Transamerica Universal Life with Long-Term Care Rider offers a sophisticated, two-in-one solution, combining life insurance protection for your loved ones with robust long-term care coverage.

The Essential Long-Term Care Planning Advantage.

This policy is designed to address the high costs associated with extended medical care as you age. The Long-Term Care (LTC) Rider helps cover essential services, including nursing home care, assisted living facilities, or home health care services. Crucially, this long-term care coverage does not expire.

The monthly benefit available for long-term care is directly linked to your policy’s death benefit. Specifically:

• You can receive monthly benefits equal to 4% of your death benefit for a nursing facility or assisted living care.
• You can receive monthly benefits equal to 2% of your death benefit for home health care or adult day care.

For instance, a policy with a $100,000 death benefit allows access to up to $4,000 per month for nursing home care or $2,000 monthly for home care services. This financial support helps to preserve your personal savings and significantly reduces the financial burden on your family during a long-term care need.

Added Layers of Protection and Simplified Issue Enrollment

Beyond the core long-term-care feature, this Universal Life policy offers several key advantages that simplify the process and maximize benefits:

• Simplified Issue: There are no medical exams or blood work required to qualify for coverage.
• Affordable Rates: Affordable rates with guaranteed level life insurance premium – a great value.
• Powerful Dual Coverage: A life insurance death benefit pays out to your beneficiaries even after you utilize the long-term care benefit. Also provides continued long-term care coverage if you exhaust all your initial benefits, while still maintaining a portion of the death benefit for your beneficiaries.
• Portable Benefit: Take the coverage with you if you move to another state.

This benefit is currently available to Colorado Medical Society working members through age 65 and their spouses, with face amounts starting at $50,000. Member max death benefit is $500,000. Spousal max death benefit is $100,000.

To explore coverage options and see estimated costs versus the benefit of this unique long-term care offering, visit COPIC | CMS Enrollment. Protecting your family’s tomorrow begins with taking action today.