| Voluntary
Products Long Term Insurance
Voluntary
Long Term Care (LTC) Insurance allows employees to purchase LTC
Insurance for themselves and family members with no cost to the
employer. Today, millions of Americans of all ages need a type of
assistance called Long Term Care. LTC isn't exclusive to the elderly
in nursing homes - it is also required by young individuals that
need assistance with daily living activities due to an unexpected
illness or injury. Voluntary Long Term Care Insurance can help offset
the costs of this care for employees, their spouses, or parents.
Important
features of Long Term Care
One
of the things that makes LTC insurance such an attractive benefit
is the flexibility of its design per the employee's individual needs.
The most common waiting periods are 60 to 90 days and benefit durations
can range from 3 years to unlimited time, with 6 years being a common
benefit duration selection. Benefit levels can range from $2000
- $6000, depending upon the employee's need. Long Term Care insurance
is also usually Portable, which means that employees can
maintain this insurance even if they should leave employment.
If
you would like to request a Voluntary Long Term Care insurance quote,
please click here. |
