Chronic Care Insurance

             

Chronic  Care Insurance

 

Chronic Care Insurance pays a cash benefit when there is a loss (deemed permanent) of two or more activities of daily living.  It can be used  to pay cost of care at home, an assisted living facility, or in a nursing home. It can also be used to pay a child who choses to stay with mom and dad to provide care. 

Chronic Care is an insurance rider on a life insurance policy so that if it is never used all or a portion of the premium will be paid to the benficiaries in the form of a tax free death benefit .

The policy is guaranteed issue to employees of companies with 5 or more employees.