Long Term Care
Protection for Your Later Years
A Long Term Care policy will help to protect your members and their assets during a time in their life when they may need it the most. It is important for people to have choices as they grow older and S. F. & C. offers those choices. Members have the flexibility to choose how they will be cared for in the event that they require long term care.
A common misconception is that Medicare will pay for long term care. Strict rules and regulations must be met before they will pay for your care and then, the benefits will only be payable for the first 100 days. Currently, Medicare only pays for less than 2% of long term care costs and future coverage is uncertain.
Some of the features that may be available to your members include:
- Pays a daily benefit for nursing home or home care
- Cost of living adjustment benefit
- Protects your assets from extended care in nursing home
- Joint waiver of premium -- waives premium for both insured's after either is confined for 90 days
- Nonforfeiture Options -- three ways to ensure that premiums are paid back to members or their beneficiaries
- Coverage available from ages 40-84
- 50% Joint Discount Coverage -- for two insured's living in the same household who apply for and receive the joint coverage benefit
- Choose between 2-year, 3-year, 5-year or lifetime benefit
