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Long Term Care Insurance
The greatest threat to your life savings is not serious illness, but long term care.
Consider the facts:
- Nearly half of those over age 65 will spend some time in a nursing home.
- A nursing home stay currently costs between $2,000 and $5,000 a month and varies from state to state. It's estimated that those figures will rise to between $7,000 and $18,000 by the year 2023.
- Regardless of your current age, if you were to buy a mid-priced long term care policy, your lifetime of premiums would probably cost less than one year in a nursing home.
Needless to say, a sound long term care insurance plan isn't a luxury... it's a necessity. At EECU, we offer a variety of comprehensive long term care insurance plans. Depending on the plan you choose, the benefits can include care or assistance in:
- Your own home
- Community-based setting
- Adult day care setting
- Assisted living facility
- Alternate care facility
- Nursing home
- Hospice
Many additional features and benefits are available as well, including:
- Issue ages: 18-85
- Benefit periods from 1 year to lifetime
- Simple or compound inflation protection
- Waiver of premium
- No pre-existing conditions clause (if disclosed on application)
- Premium payment options
- Non-forfeiture benefit option
- Bed reservation
- $50 to $500 per day benefit options
- More!
For more information on long term care insurance, visit the CUNA Mutual Group Long Term Care web site or call 1-800-443-6003.
This is general information only. Please refer to your actual policy for terms, conditions, coverage, limitations, and restrictions.
Long term care insurance is provided by CUNA Mutual Group through EECU. Long term care insurance is not an obligation of EECU or guaranteed by EECU. Any disputes regarding long term care insurance must be resolved between the purchaser and the insurance carrier and/or insurance agent.
EECU CA License # 0711830
