Variable universal life policies (VUL) and indexed universal life policies (IUL) can provide cash value growth opportunities designed to help you increase your wealth. These tax-efficient resources can make it easier to live the life you want today and through retirement.
Business planning strategies using cash value life insurance can provide powerful incentives for attracting, rewarding and recruiting top talent.
Build in LTC and chronic illness protection by adding a rider to your permanent life policy. It provides an extra layer of financial protection and peace of mind when preparing for short-term or long-term care needs.
However, when it comes to your health it’s important to plan for the unexpected. And that’s where adding a long-term care rider to a life insurance policy can provide peace of mind.** It also can ease the concerns that your family may face for your well-being down the road.
As people live longer and medical expenses continue to rise, long-term care coverage provides an extra layer of financial protection for your future.
Total life expectancy has increased by 9 years and is projected to increase another 7 years.1
72% of individuals worry that they would not be able to provide adequate care if somebody in their family needed it.2
$110,595 is the national average annual cost of care in a private room of a skilled nursing facility.3
91% of Americans believe long-term care planning is an important component of retirement planning.4
1 United States Census Bureau, “Living Longer: Historical and Projected Gains to Life Expectancy, 1960-2060”, https://www.census.gov/content/dam/Census/library/working-papers/2019/demo/paa19_medina_sabo.pdf, April, 2019.
2 Versta Research, “2017 LTC Marketing and Thought Leadership Research, Findings from Surveys of Advisors and Consumers,” February 2018. For a printed copy, call 877-ASK-LINCOLN.
3 LTCG, "2019 Lincoln Financial Cost of Care Survey," March 2020, https://www.whatcarecosts.com/lincoln. For a printed copy, call 877-ASK-LINCOLN.
4 "93% of people who have LTC solutions are confident about their long-term financial plan." 2019 Lincoln Financial Conversation Survey, August 2019. For a printed copy, call 877-ASK-LINCOLN.
The many benefits of living benefits: