Long Term Care Rider

Long Term Care Rider

The Insurance House is proud to offer Illinois life insurance with a long term care rider option. With the quality of life lengthening over time, it’s best to make sure that you have the care you need when it matters the most. We provide a full-on benefit to your life insurance plan called a long term care rider.

What is a Long Term Care Rider?

A rider is an extension of your life insurance death benefit. When you purchase your life insurance policy, you set the amount for your long term care. The long term care benefits are paid income tax-free after the qualifying requirements are met. As long as your policy is set in force by paid monthly premiums, your beneficiaries still receive an income tax-free death benefit. In the event you do need long term care, your beneficiaries will still receive the greater of any unused long term care benefits, or 10% of the base policy’s specified amount thanks to the guaranteed minimum death benefit.