Last updated: August 28th, 2015

This type of plan provides:

  • An accelerated death benefit that may be limited and not sufficient to cover long term care costs in the future.
  • A “Chronic Illness Rider” or “Terminal Illness Rider” is different from a long term care Rider. In many cases, a “permanent condition” is required to trigger benefits.
  • Definitions in the contract language range on these policies and benefit triggers vary from requiring a “permanent condition,” “chronic condition,” or help with Activities of Daily Living “ADLs.”
  • Underwriting criteria that differ from those used in Long Term Care Insurance.
  • Riders vary by carrier and state.
To learn about the options that are best for you, your loved ones, or your clients, contact us at 516.801.1419 or