Long Term Care ( LTC )
How does our Critical Illness Plan Benefit "Loss of Independent Existence" compare to a traditional "Long Term Care" policy?
- Transition offers a superior definition!
- You don't need to be in a Long Term Care Facility or receiving professional assistance to collect under the Transition Plan.
- Benefits are payable after only 31 days under the Transition plan verses a typical LTC waiting period up to 90 days!
- Transition premiums are guaranteed to never increase with a level to 75 or term-to-100 plan! No LTC contract available today offers a premium that can't be increased by the insurer.
- Transition offers a FULL RETURN OF PREMIUM on death and an optional Flexible Refund of Premium option upon surrender. A typical LTC plan only offers a return of premium on death - as a rider!
- Our plan will pay the claimant a one-time lump sum payment - they can decide what they wish to do with the benefit! With a LTC plan you receive a daily benefit only for as long as you are receiving assistance or in a LTC facility.
- As an example in order to collect $250,000 of benefits under a typical LTC plan you would need to be in a LTC facility for almost 7 years! (if the LTC plan featured a $100-a-day benefit). With us you would receive the amount in 31 days!
- You are also insured for 20 other conditions versus a LTC plan that only pays out for a LTC claim!