Long Term Care Benefits
Ryan Specialty offers Universal Life insurance with Long Term Care (LTC) benefits through Allstate.
LTC services are needed when an individual cannot safely care for themselves. Care is often received at home, in an assisted living facility, or in a nursing home. LTC planning is an important part of a personal financial plan. As we age, the likelihood of needing LTC increases and the average cost of care is $43,000/year or more. Your health insurance, disability, and Medicare do not cover most LTC costs.
- Guarantee issue (no health questions) for employees and spouses (ages 18-65)
- Employee may apply for $25,000, $50,000, $75,000,or $100,000 (4% LTC/month)
- Spouse coverage up to 50% of employee’s election