Which long term care package is right for you?
To help simplify the selection process, COUNTRY Life Insurance Company® offers three long term care packages: Gold,
Silver, and Bronze. We also offer a fourth option of building your own custom package.
Package
Description
Facility
Care
Daily
Benefit1
Elimination
Period2
Lifetime
Benefit
Maximum3
Home and
Community
Care
Benefit4
Options
Available
(see option descriptions
on next page)
Gold
Our best package offers a policy with an
unlimited benefit period so you can’t outlive your
long term care protection, making this an ideal
choice if you have a large estate or other major
assets you want to pass on to your heirs. This
package also offers flexible options. You can
choose Simple or Compound Inflation Protection.
Selecting our Unique Spousal Benefit rider
provides added protection for married couples.
Adding Monthly Home and Community Care
helps you stay at home as long as possible.
•
$50
minimum
90 days
Unlimited
100%
Silver
Our intermediate package offers a policy with the
security of a five-year benefit period. This
package is a good choice if you are not sure you
can afford or need unlimited coverage. Flexible
options include Simple or Compound Inflation
Protection and the Spousal Benefit rider.
Simple Inflation
Protection
(5% per year)
• Compound Inflation
Protection
(5% per year)
• Spousal Benefit
• Monthly Home and
Community Care
•
$50
minimum
90 days
5 years
(1,825 days)
100%
•
•
Simple Inflation
Protection
(5% per year)
Compound Inflation
Protection
(5% per year)
Spousal Benefit
Bronze
Our basic package offers a policy with a threeyear benefit period at an affordable price. This
policy is a good option if you want to supplement
existing coverage or minimize your premium.
Flexible options include Simple Inflation
Protection and the Spousal Benefit rider.
1
•
$50
minimum
90 days
3 years
(1,095 days)
100%
•
Simple Inflation
Protection
(5% per year)
Spousal Benefit
Available in $10 increments. Select a daily benefit based on the average cost in your area, or the area in which you plan to retire.
The initial days of care you are responsible for before insurance benefits are payable.
3
Amount of time benefits are payable.
4
Amount of coverage for care received in the home or community.
LTCPLANS(OR10/07)
2
Option Descriptions
What is Simple Inflation Protection?
What is Compound Inflation Protection?
This option increases the Facility Care Daily Benefit Maximum by 5
percent of the original Facility Care Daily Benefit Maximum. The
increases occur annually on the policy anniversary date.
This option increases the Facility Care Daily Benefit Maximum by 5
percent of the most recent Facility Care Daily Benefit Maximum. The
increases occur annually on the policy anniversary date.
What is the Spousal Benefit option?
What is the Monthly Home and Community Care
option?
This option provides added protection to married couples. If you have
our Shared Plan or two separate policies, and one of you dies after your
policy has been in force for 10 years or longer, the Spousal Benefit
option allows the survivor’s policy to be paid in full. And if one of you
dies before the other’s coverage has been in force 10 years, the
surviving spouse only pays premiums until 10 years have been
satisfied. Also, as long as either of you is receiving benefits under the
policy, neither of you is required to pay premiums.
This option gives you greater flexibility for paying home and community
care charges by changing the daily benefit maximum to a monthly
benefit maximum. For example, if you have home care only two or
three times a week, you can pay the charges with the monthly benefit
rather than being locked into a daily benefit amount.
Custom
You can customize your plan if you need additional coverages or options that the Gold, Silver, and Bronze packages do not offer. Here are some
additional options you may want to consider:
Shared Plan – allows a married couple to receive benefits for either or both under one policy with a 6, 8, or 10-year benefit period.
Two limited payment options allow you to choose how quickly your policy reaches paid-up status, which guarantees no future rate increases:
• 10-year Payment
• Paid-Up at Age 65 (not available on the Shared Plan)
Return of Premium at Death option – returns some or all of your premiums if you die before age 80 (not available on the Shared Plan).
Indemnity Rider – allows you to receive the full daily benefit maximum even if your actual expenses are less.
Restoration of Benefit Rider – allows your benefit period to restore if you fully recover and are claim-free for 180 days (not available on the
Shared Plan).
Nonforfeiture Benefit Rider – provides a reduced paid-up policy if you lapse or cancel your policy after three years.
Elimination Period – you may select a 30, 90, 180, or 365 day period for your plan.
Lifetime Benefit Maximum – you may select 2, 3, 4, 5-year or unlimited periods for an individual policy or 6, 8, or 10 years with the Shared Plan.
Give yourself a safety net to help protect your financial security. Talk to a COUNTRY Financial
representative about the Tax Qualified Long Term Care insurance plan that’s best for you.
The information contained here highlights the major features of the Tax Qualified Long Term Care insurance plans available from COUNTRY Life
Insurance Company: Comprehensive (LTC-500) and Shared Benefit (LTC-540).
Long Term Care insurance is not Medicare Supplement insurance, and this document is not an insurance contract. If issued, the policy will set
forth the rights and obligations of you and the issuing company.
For cost and further details of the coverage, including exclusions, limitations, and the terms under which the policies may be continued in force,
refer to the policies or write COUNTRY Life Insurance Company.
COUNTRY Life Insurance Company®
PO Box 2000
Bloomington, IL 61702-2020
www.countryfinancial.com