Your employees are looking for ways to enhance their quality of life and receive added value from their employer. Long term care insurance can help provide your employees with valuable coverage and encourage loyalty. It can also help you reduce employee turnover and attract superior talent.
What is it?
Long term care insurance helps pay for the care needed when someone is unable
to perform activities of daily living such as eating, getting dressed, bathing,
maintaining continence and getting in and out of bed without assistance. People
may need long term care because of a lengthy, chronic illness, cognitive
impairment, or an accident or injury may trigger the need without any
warning.
How is it used?
Depending on the type of policy purchased, long term care insurance can
provide coverage for long term care health needs in the home, community-based
setting, assisted living facility or nursing home. The goal is to provide
assistance and improve the quality of life for those with chronic, long term
conditions.
Long term care insurance can help you remain independent and stay in your
home, if possible; have more choices and control over your care; relieve family
members from caring for you; and help safeguard your future and your family
should a long term care need arise.
What are the benefits?
Benefits include guaranteed renewal*, and portable coverage. Discounts on
premiums may also be available. Also, the cost of qualified individual long term
care insurance premiums paid by your company may be fully deductible as a
regular business expense.1
* Premiums may change subject to the appropriate regulatory authority of the
state in which the policy was issued.
What are the different types of long term care insurance that can
help your business?
Offered to executives as an employer-sponsored benefit.
An individual long term care policy may be appropriate for you or your
employees.
Prefer to speak to someone about long term care insurance?
TALK TO A FINANCIAL PROFESSIONAL
1The information provided is not written or intended as
tax or legal advice and may not be relied on for purposes of avoiding any
Federal tax penalties. Individuals are encouraged to seek
advice from their own tax or legal counsel. Individuals involved in the estate
planning process should work with an estate planning team, including their own
personal legal or tax counsel.
Coverage provided by Policy Series MM500-P et al. (In ID, MM500-P-ID, in PA,
MM500-P-PA through MM505-P-PA, in NC, MM500-P-NC, and in TX, MM500-P-TX through
MM505-P-TX) and issued by Massachusetts Mutual Life Insurance Company,
Springfield MA 01111-0001. For costs and further details of coverage, including
exclusions and reductions or limitations contact your agent or MassMutual at
800-272-2216 (option 4) for a referral to an agent.
The purpose of this material is the solicitation of
insurance.
Insurance issued by Massachusetts Mutual Life Insurance Company, Springfield,
MA 01111-0001.
CRN201010-106499