- Retirement Benefits
- Health and Life Benefits
- Organizational Investing
- Help for Church Workers
- Plan Sponsors
Long-term care insurance can pay for services associated with a prolonged physical illness, a degenerative disease like Alzheimer’s or Parkinson’s, or a disability. Currently, Eder Financial provides policies with top-rated insurance companies — Genworth Financial, John Hancock Life Insurance, Life Secure, Mass Mutual, Mutual of Omaha, National Guardian Life, and Transamerica Life Insurance Companies.
Hybrid life/long-term care insurance provided by:
Lincoln Financial Group
Life insurance with long-term care rider:
Mutual of Omaha
Long-Term Care Insurance is available for all church members, their family and friends, and employees of affiliated agencies, organizations, colleges, and retirement communities.
Although most people invest in Long-Term Care Insurance in their 50s or 60s, the premiums you pay are based on your age and your health, so the earlier you purchase a policy, the lower your premiums will likely be. Since Long-Term Care Insurance covers medical issues that can occur at any stage of life — permanent disability, for example — policies can be purchased for individuals as young as 18.
Because the amount of coverage, your health and age, and the percentage of income you wish to spend on Long-Term Care Insurance vary, it’s best to speak one-on-one with our insurance representative about how to budget for Long-Term Care Insurance. With many companies offering Long-Term Care Insurance plans, the cost and benefits of your policy can be tailored to fit your financial needs.
Most long-term care insurance policies do require underwriting — a review of your health history — for potential policyholders. Health problems could raise your premium, but medical history is only one of many factors that determines your Long-Term Care Insurance cost.
Long-Term Care Insurance policies vary, but generally this insurance can cover nursing home care, care in your home by a licensed health care provider, custodial services, hospice care, and services provided by adult day care and assisted-living facilities.
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