Long-Term Care
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Long Term Care - Overview
Maintain your independence with a Long-Term Care Insurance Policy from Auto-Owners Life Insurance Company. When you're under long-term care, whether it's at an outside facility or in your own home, you want your assets to be protected. Long-Term Care Insurance allows you to transfer some of the financial risk of these costs to Auto-Owners so that you can help preserve your wealth. You choose your facility daily benefit amount between a $50 minimum and a $250 maximum, as well as a benefit period (2, 4, 6 or 10 years) and waiting period (30, 60 or 90 days), and Auto-Owners will provide this coverage while you are in a facility or being cared for in your home. Take control of your care and help protect your assets with Long-Term Care Insurance. Note: Of the available options, you will only receive the benefit specified in the policy that is issued. The plan you select determines the amount of benefits you receive and the premium you pay.
- Provides 100% of your selected facility daily benefit amount while you are in an approved facility, or 50% of your selected facility daily benefit amount while receiving home and/or community care.
- 14-day bed-reservation coverage per calendar year.
- Provides 100% of your selected facility daily benefit amount while you are in an approved facility, or 100% of your selected facility daily benefit amount while receiving home and/or community care.
- 21-day bed-reservation coverage per calendar year.
Eligibility (for an expected period of at least 90 days): You must be certified as a chronically ill individual by a licensed health care practitioner to be eligible. Written certifications must be renewed or updated at least every 12 months. Policy subject to underwriting.
Coverages and multi-policy discounts may not apply in all states. This policy has exclusions, limitations, and terms under which the policy may be continued in force or discontinued. The premium may increase, but only if we increase the premium rates for all persons in the same rate class. For costs and complete details of the coverage, contact your Agent. By responding to this insurance solicitation, an insurance producer or agent may contact you.
To learn more about Long-Term Care Insurance, find an independent agency representing Auto-Owners near you today!
Life Disclaimer
Note: The analysis of coverage is in general terms and is superseded in all respects by the Insuring Agreements, Endorsements, Exclusions, Terms and Conditions of the Policy. Some of the coverage mentioned in this material may not be applicable in all states or may have to be modified to conform to applicable state law. Some coverages may have been eliminated or modified since the posting of this material.
Underwritten and issued by Auto-Owners Life Insurance Company
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Auto-Owners works solely through independent agents to ensure you’re getting the right protection from a skilled professional.