More clients might come to you with long-term care benefits packaged inside work-related life insurance policies.
Transamerica is now offering a long-term care rider with a universal life policy it sells on a voluntary, or employee-paid, basis at the worksite.
The rider can give a policyholder early access to the death benefits when the insured needs home care, adult daycare services or care in a nursing home or other residential facility.
The policy already offers a rider that can accelerate payment of death benefits for insureds who suffer from serious chronic conditions. An extension of benefits rider can make the chronic conditions benefits payment stream last longer.
