LifeTime Benefit Term

LifeTime Benefit Term (LBT) insurance is a type of insurance policy that combines the benefits of a permanent life insurance policy with long-term care coverage. This type of policy provides a death benefit to your beneficiaries upon your passing, while also offering coverage for long-term care expenses if you require them during your lifetime

LifeTime Benefit Term

Protecting your loved ones is one of life’s greatest responsibilities. When a family loses someone, in addition to grief, survivors may suddenly be faced with costly expenses and debts, and even a loss of income. LifeTime Benefit Term can help.

You Decide How You Want to Use LifeTime Benefit Term Benefits

As Life Insurance

LifeTime Benefit Term protects your family with money that can be used any way they choose. It is most often used to pay for mortgage or rent, education for children and grandchildren, retirement, family debt, and final expenses.

For Long Term Care (LTC)

If you become chronically ill**, LifeTime Benefit Term will pay you 4% of your death benefit each month you receive Long Term Care. You can use this money any way you choose, and your life insurance premiums will be waived.

• Your death benefit will reduce proportionately each month as you receive benefit payments for Long Term Care. After 25 months of receiving Long Term Care Benefits, your death benefit will reduce to zero.

Restoration of Your Death Benefit

Ordinarily, accelerating your life coverage for Long Term Care benefits can reduce your death benefit to $0. While in force, this rider restores your life coverage to not less than 50% of the death benefit on which your LTC benefits were based, not to exceed $50,000. This rider assures there will be a death benefit available for your beneficiary until you reach age 121.