Riders for Long Term Care Insurance

long term care rider

Continuation of Benefits Rider.

Also known as an extension of benefits rider can multiply your assets tax free by 2 to 3 times if used for long term care. Depending on the insurance company, the extension of benefits rider either increases the total amount available for long-term care or extends the number of months which the long term care benefits will be paid. In either case, long-term care payments will reduce the available death benefit of the policy. However, some companies will still pay a minimum death benefit even if the total of the long-term care payments exceeds the policy's death benefit amount.

Inflation Rider.

These are just as they sound, they will protect your long term care funds form inflation.

There are two types of riders that offer simple inflation or compounded inflation protection normally at a rate of 5%. A simple inflation rider will increase each $100 d... http://insurance-a.ucoz.com/news/long_term_care_rider/2013-06-18-3448