Life Insurance Basics
What is a life insurance long-term care rider?
A long-term care rider on a life insurance policy allows you to access a portion of the death benefit to pay for long-term care services. The rider provides long-term care protection without purchasing a separate long-term care insurance policy. Benefits are paid when you need help with activities of daily living.
Key Points
- LTC rider: access death benefit to pay for long-term care services
- Provides LTC protection within a life insurance policy
- Benefits paid when you need help with ADLs
- Less comprehensive than standalone long-term care insurance
- An independent agent can help you compare LTC riders vs. standalone LTC insurance