Pay a Family Member to Be Your Caregiver
Take control of your future. We have long-term care plans that allow you to pay a family member as an informal caregiver or hire someone else you know and trust.
Honor your family member’s care with a salary!
One of the things people value most about long-term care plans is the freedom they give you to live at home as long as possible.
Often, a family member is called on to help, and though they give their time from the heart, you’d like to be able to give back. Now you can.
And these long-term care plans pay you back if you don’t use them. There’s no risk involved, only assurance for you and the people you love.
Here’s how it works.
Eligible adults between the ages of 35 and 75 can apply for long-term care with indemnity benefits that allow you to pay family members or informal caregivers.
1. Choose your monthly benefit level, add inflation protection if wanted and choose how long you want your benefits to last (up to seven years for individuals and eight years for a joint plan).
2. Decide how you want to fund your plan.
- Single deposit from cash
- Guaranteed level annual payments for 5, 10, or 20 years. (Or pay to age 100.)
- 1035 exchange from existing life insurance
3. Pay a family member, friend, informal caregiver or use your benefits with any licensed agency or facility. You always get your full monthly benefit without providing receipts…you’re in control.
- If you trigger a claim, you'll have access to a team of professionals to help you and your family manage your care every step of the way.
- If you never use your plan, the value of your plan comes back tax-free.
- Plans are guaranteed to not go down in value.
- Retroactive zero day elimination periods pay you back for care from day one.
- Some plans have cash value you can access without canceling your insurance.
- Your plan covers care in all fifty states with some international options available.
