Recently, many of our top life insurance companies have added products that offer long-term care or Life Benefits as FREE part of their life insurance coverage!  Finally – a affordable way to help pay for certain long-term care costs.
Is that true? Or just a gimmick?
The truth about long-term care / life insurance combination policies
The simple answer is, YES! This care benefit can be a free aspect of a traditional life insurance policy!
Today we are going to look at one that is particularly good for customers with pre-existing health problems or lifestyle risks .
Overview of Prudentials Living Needs Rider
Prudential is one of our most aggressive carriers which means they will accept cases that many other carriers will not. do.
If you have a heart disease poorly controlled diabetes is overweight You may find that Prudential will be able to offer you the best coverage options.
In addition, if you are over 50 you may want to consider that it's time for a permanent policy, one that lasts as long as you live (no matter how long you live).
Universal Protector is Prudential's plan that offers lifetime death benefits with a no-lapse warranty AND at no extra cost you can access their subsistence benefits should you need them during your lifetime! (Please note that the driver is also free with Prudential's futures policy, Essential Term or Elite Term).
For example, a 59-year-old man, ranked as Preferred Best who needs $ 250,000 in life insurance, would pay $ 31
How Prudential Living Needs Rider Works
The Living Needs Benefit Rider is simply added to the policy, AT NO EXTRA CHARGE enabling them to receive part of the death benefit before death if they have been confined to a qualified nursing home for at least six consecutive months and are expected to be permanently confined.
(Of course, when a claim is paid under this rider, the death benefit is reduced and a treatment fee is deducted. The maximum amount that can be reached is 70 to 80 percent of the death benefit.)
If you have ever watched on healthcare coverage do you know that it has
In fact, the vast majority of our customers can not afford traditional long-term care so this option, free of charge Food benefits Rider can be a perfect solution for those who are facing the possibility of final care in a nursing home.
If the benefits are not needed during his lifetime, of course, the full death benefit is paid to the beneficiary at his death as in all traditional insurance policies.
RELATED: Checking Trial Insurance Rates by Age (No personal information required)
Careful Living Benefits Riders are among the simplest , cost-effective and easy to explain, but it is somewhat limited, as it only applies when permanent nursing home care is specified.
This policy does not apply to everyone. For example, those who want long-term medical care in their home do not choose this product. However, the price can not be beaten! This is one of the few plans with a NO CHARGE long-term care as part of the policy.
Also keep in mind that many of our customers think that Prudential is one of the only carriers that offers them coverage, depending on their existing medical condition.
Please understand that Prudentials Living Care Benefits are NOT designed to replace Medicare, Medicaid or instead of a Medicare supplemental plan. If you are approaching the age of 65 and want to buy life insurance with living benefits, be sure to budget the cost of a Medicare supplemental plan.
Please also understand that these are NOT straightforward long-term care plans.
Normally I would say use the quote form on the right, but you do not know which carriers do or do not include long-term care benefits in their policy.  So I suggest you contact an independent agent like me because I have access to all the major carriers, and once we have determined your needs and goals we would find the best operator for your unique situation. That may not be careful.
If you have a chronic illness, a history of serious illness or other specialized life insurance needs, we can give you valuable advice and help you find an insurance policy that suits you.
Whatever your needs or questions, call me directly at 888-603-2876 .
* While we do our utmost to keep our website up to date, please be aware that "current" information on this site, e.g. Quotation estimates, or relevant company information, may only be accurate from the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Contact your own legal or tax advisor.