LTC: Peace of Mind in Uncertain Times
Flexible Protection to Fit Different Needs
COMPARING CHRONIC ILLNESS & LONG TERM CARE RIDERS
30%
of Americans are either “very” or “extremely” concerned about the toll long term care may have on their retirement savings.1
18%
Increase over last year in ownership of long term care insurance, suggesting increased demand during these uncertain times.1
In the spirit of Long Term Care Awareness Month, we want to help you give clients the peace of mind that comes with knowing their loved ones are protected.
A truly flexible product, Transamerica Financial Foundation IUL® provides more than a simple death benefit. Clients can choose our critical and chronic living benefit riders to include with no additional premiums, or go the extra step and add the Long Term Care (LTC) Rider to help further protect their financial futures. The LTC Rider is also one of the few riders in the industry that has the potential to increase the benefit base over time.
Understanding the difference between the LTC and Chronic Illness riders is where clients will need your guidance. That’s why we’ve put together this comparison so you can confidently help clients navigate the options that best fit their needs:
Connect With Clients
In the world of working remotely, we’ve prepared this social media guide to help you target clients online.
Dementia Field Guide
The financial and emotional costs of dementia are high. Putting a plan in place early is paramount.
1 “2020 Insurance Barometer,” LIMRA, 2020
Due to the circumstances around COVID-19, Transamerica will not be accepting applications for clients over the age of 75 for all life insurance products and is unable to offer LTC Riders or Chronic or Critical Living Benefit riders on individuals ages 56–75 on all products and face amounts.