Long Term Care Insurance

Long Term Care (LTC) Rider – is commonly added to a life policy to protect the insured against financial loss from rapidly accumulating and expensive nursing care. This policy rider is an example of an accelerated benefit, meaning that the insured can deduct a portion of the face amount before he or she dies to help pay for nursing care. Keep in mind that even though the insured can use this benefit while he or she is alive for nursing expenses, whatever the insured takes to pay LTC bills will be deducted from the death benefit of the policy when he or she dies.