What is the Assurance Benefit?
The Assurance Benefit is the exchange of a life insurance policy for a long-term care benefit plan at the time that long-term care needs to be paid. The Assurance Benefit is a unique financial option for seniors:
No wait periods
No care limitations
No costs to apply
No requirement to be terminally ill
No premium payments.
Policy owners use their legal right to convert an in-force life insurance policy to enroll in the benefit plan and are able to… More