Most people have no idea how expensive long-term care services are and how quickly they can erode a client’s savings. According to a 2017 report from the U.S. Department of Health and Human Services, almost 70 percent of people over age 65 will require chronic care later in life.
But what if your client doesn’t qualify for long-term care— they still need some form of protection.
Our Income Advantage and Life Protection Advantage IULs can help meet clients needs with the automatic Chronic Illness Rider that is issued on policies with NO additional underwriting requirements!
This rider provides an accelerated death benefit if the insured is unable to perform 2 of 6 Activities of Daily Living (ADLs) for 90 consecutive days (as certified by their physician) or experiences severe cognitive impairment.
Find out more about this real-life solution that comes with one of our Income Advantage IUL and Life Protection Advantage IUL.
Print this Story