Group / Business LTC Programs


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Understanding the Facts
The Risk is Real - 40% of those receiving long term care are working-age adults ages 18-64 due to accidents, strokes, brain injuries or tumors...and even early onset of Alzheimer's and Parkinson's disease. - Once you reach age 65 there is a 72% chance of needing some type of care at home during the remainder of your lifetime and a 49% chance of spending time in a nursing home. The Cost is High - 79% of those needing LTC live in the community and will require on the average of 59 hours of care per week. At the 2003 average hourly rate for Home Health Aides of $18.12, home care would cost approximately $4,300 a month. - On average, individuals providing care for a family member will lose $566,000 in wages, $25,000 in Social Security, and $67,000 in pension contributions.

Advice for Employers

Offering long term care is an easy, affordable way to protect your employees and their families against the risk of long term care.
With long term cause as a financial risk of highest concern for employees, they look to their employers as the primary source for information and availability of long term care.
82% of employees that purchased a long term care insurance policy indicated that the sponsorship by their employer was a very important factor in their decision to purchase the coverage.
By providing leading-edge employee benefits you demonstrate your leadership, show that you value your workforce, optimize retention of key employees, and help secure and complete your employees' future retirement plans.

Flexible plans within your business objectives We offer a variety of options designed to meet your business objectives and the individual financial needs of your employees:
Employer-Paid Base Plan with Employee Buy-Up Provision Employer-paid programs offer a low-cast way to maximize employee retention and participation. What's more, these programs can provide favorable tax advantages. With an employer-paid program, you can: Select 100% employer-paid base plan for all employees. Select a 100% employer-paid base plan for employees based on years of service, age or a combination of the two. Predetermine the percentage of contribution for all or some of your employees. Offer your employees options such as buying additional coverage or accelerating their payments.
KeySelect Program The KeySelect Program is a unique program created to enable businesses to provide enhanced benefits to their officers, executives, board members and other key contributors. Because the plan is not subject to discrimination testing under IRC105(b) you select participants in the program. Premiums may be tax deductible as a business expense. No imputed income to the employee. Retain key employees with a compelling benefit that can be fully paid up at retirement.	Voluntary Employee-Paid Plan Even if your company does not elect to contribute financially, offering a long term care insurance program is still a valuable benefit to your employees. Ensures that your employees are educated about the risks they face. Gives employees the opportunity to purchase at group rates. Allows them to take advantage of favorable medical underwriting. Offers group rates to extended family members.

Advice for Associations & Groups

Offering a long term care insurance premium discount is an easy way to add increased value to your membership and it costs you nothing.
Your members will appreciate the added value offered by your association and will continue to strengthen and build the organization.
Families of members can also receive the discount; including parents, grandparents, brothers, sisters and all the corresponding in-laws.

Contact us today to request additional information on how to register your association to receive the premium discount on long term care insurance.