Taking care of life insurance and long-term care needs

Adding a long-term care rider to a life insurance policy can be an affordable way to protect your clients from potentially devastating long-term care costs and protect their families at the same time.

How does this strategy work?

Purchasing a stand-alone long-term care insurance policy and a life insurance policy is one option. However, your clients can purchase one policy to cover both needs.  Because someone turning age 65 today has almost a 70% chance of needing some type of long-term care service and support1 this can be a cost-effective way to protect a client’s family and provide funds in case the client needs long-term care services at some point in the future.

Strategy in action

  • Jennifer owns an Equitable Financial life insurance policy with the Long-Term Care ServicesSM Rider.2
  • She selects Death Benefit Option A with a face amount of $2,000,000.
  • She chooses an acceleration percentage of 50 percent, meaning she can use up to 50 percent of her death benefit amount for qualified long-term care expenses. (She had the option to choose from 20-100 percent.)
  • Her monthly benefit percentage is 1 percent.  She had the flexibility to choose 1 percent, 2 percent or 3 percent.  In this case, she can receive 1 percent of her death benefit for long-term care expenses each month.

Let’s see what could happen if she needed all, some, or none of the long-term care benefit.  In each case, you can see how much of the long-term care benefit she used and how much was left for her beneficiaries at her death.

LTC needs graph.


There is an additional cost for the Long-Term Care ServicesSM Rider, and it does have restrictions and limitations and is paid as an acceleration of the death benefit. Be sure to refer to the product specifications for further details.

Prospective client

  • Needs life insurance protection
  • Is looking for an affordable way to also cover potential long-term care expenses

Highlighted product(s) with this concept

VUL LegacySM

See all permanent protection products

BrightLife® Grow

See all accumulation products

 1  How Much Care Will You Need? U.S. Department of Health and Human Services. https://longtermcare.acl.gov Oct. 2017.

2  In Florida, this rider is called the Long-Term Care Insurance Rider. In California, this rider is called the Comprehensive Long-Term Care Rider.

Long-Term Care ServicesSM is a service mark of Equitable Financial Life Insurance Company.

IU-2968344 (08/2020) (Exp. 08/2024)