BRIDGE: Long Term Care Reimagined

LTC coverage is guaranteed not to lapse and there are no ongoing premium payments. LTC Benefit Base grows at 2% annually for up to 20 years or time of claim, whichever comes first. The LTC benefit amount is determined at time of claim and paid monthly for 60 months until the Benefit Base is zero – even if the Accumulation Value is depleted (assuming no withdrawals).

Your client chooses a Coverage Ratio to help them achieve the optimal balance between LTC benefit amount and growth of the annuity’s Accumulation Value — providing underlying product value even when the client doesn’t need LTC services. The Coverage Ratio can range between 100% of the first-year premium and a maximum determined by age and underwriting class. (See calculator tool below.)

Underwriting for LTC coverage is quick and digital, and no one can be declined. There are three underwriting classes: Secure, Standard and Preferred. Your client can opt out of underwriting and accept Secure class, or boost their LTC benefit amount if they qualify for Standard or Preferred class. The annuity must pass suitability review.

LTC benefits are tax-free when used for qualified LTC expenses, subject to the daily IRS maximum. Payments are indemnity-based, meaning no receipts are required, and monthly payments begin once your client qualifies for benefits and the claim is approved. Annual certification is required to continue benefit payments. Your client may choose to stop benefit payments to preserve underlying annuity value and can restart based on need.

The robust, science-based NeverStop^SM Wellness Program, provided in partnership with Assured Allies, offers a customized Aging Map based on individual health goals and needs, along with access to a NeverStop Ally to provide personal support. Participation can help clients potentially reduce LTC expenses, but also earn wellness credits to increase LTC coverage. Member perks include resources, offers and discounts.