Long-term Care

Product

A long-term care policy pays a monthly income if the insured person did not have the capacity for self-care as described in the policy.

A long-term care policy is a monthly income benefit protected under Assuris protection.

Assuris Protection

If your life and health insurance company fails, Assuris guarantees that you will retain up to $5,000/month or 90% of your monthly income benefit, whichever is higher.

Example 1

Monthly income benefit

$4,500 /month

Original
benefit amount

Since your monthly income benefit is less than $5,000/month, you will retain your full benefit amount.

$4,500 /month

Protected benefit amount

Example 2

Monthly income benefit

$7,500 /month

Original
benefit amount

Since your monthly income benefit is more than $5,000/month, you will retain 90% of your benefit amount.

$6,750 /month

($7,500 × 90%)
Adjusted benefit amount

Questions and Answers

1. What if I receive quarterly, semi-annual or annual benefit payments?

For quarterly benefit payments, the Assuris protection is up to $15,000 quarterly or 90% of the promised quarterly payments, whichever is higher.

For semi-annual benefit payments, the Assuris protection is up to $30,000/semi-annually or 90% of the promised semi-annual payments, whichever is higher.

For annual benefit payments, the Assuris protection is up to $60,000 annually or 90% of the promised annual payments, whichever is higher.