Long-term care expense protection
If your clients experience a chronic illness or long-term care event without having protection, they could draw down their retirement savings at rates two to three times faster than planned.1
Preparing for unexpected health-related expenses doesn’t end with a long-term care plan. Clients should also be aware of the financial risk of chronic or terminal illness. If your clients want financial protection from future uncertainty, discuss their coverage options.
Get to know your clients
Clients who want flexible payments
They may be retirees or working professionals who are aware of long-term care expense risk and want to have a plan for their future. These clients may want to protect their savings and loved ones, and could potentially enhance their life insurance coverage.
Clients concerned about future health risks
They’re individuals or couples in or nearing retirement who want protection from uncertainty. These clients are also looking to protect their assets from financial risk.
Solutions to consider
Whether your client wants long-term care expense protection or life insurance combined with chronic illness2 protection, or both, consider these planning options.
- For long-term care planning
- For chronic illness protection
Lincoln offers solutions which cover permanent or recoverable conditions.
Lincoln LifeEnhance® Accelerated Benefits Rider on a permanent policy offers access to their death benefit in the event of a permanent chronic or terminal illness. Once qualified, clients have the freedom to use the funds for any purpose. There’s no elimination or deductible period.
If your client never needs to access the rider benefits, the life insurance policy can continue to provide an income tax-free death benefit.
Available with Lincoln LifeGuarantee® UL, Lincoln WealthAdvantage® Indexed UL, Lincoln WealthPreserve® Survivorship IUL, Lincoln LifeReserve® Indexed UL Accumulator, Lincoln VULONE, Lincoln AssetEdge® VUL, and Lincoln AssetEdge® Exec VUL.
How much life insurance does my client need?
Use this life insurance calculator to help address your client's needs and their financial situation.
Will your client's savings last a lifetime?
Our life expectancy calculator can help determine how much they'll need to provide for their family and themselves.