LTC Insurance FAQs

You could need Long-Term Care (LTC) because of an accident, illness, cognitive impairment or simply due to aging.  

This plan is designed to help you and your family plan for the high cost of Long-Term care and combines the benefit of life insurance. You WILL receive a benefit, either for LTC, Life Insurance, or both. 

Choose a life insurance benefit and you will receive a monthly LTC Benefit of 4% of the life insurance benefit in the event you are approved for an LTC claim.

No – the plan’s benefit does not decrease. 

Allstate will not pay benefits under the LTC rider for a period of care that begins in the 6 months after the rider date if a pre-existing condition causes the insured to be chronically ill. A period of care that begins more than 6 months after the rider date is caused by a pre-existing condition will be covered.

No, once you use the death benefit for LTC you do not receive a LTC benefit. If you use a portion of your death benefit for LTC then you will receive the remaining portion of your death benefit.

Your beneficiary will receive the death benefit upon your death.

Your beneficiary will receive the death benefit upon your death.

Premiums are based on the age at which you apply for coverage. They do not increase each year as you get older. Insurance companies do reserve the right to increase rates. 

If you have some cash build up in your policy, then you can use that to continue to pay your premiums.  Once that is exhausted your policy lapses and you have no plan benefit. If you don’t have cash build up and stop paying premiums, then your plan benefit lapses, and you have no plan benefit.

When you need assistance and are certified by a physician as needing assistance with 2 out of 6 Activities of Daily Living (ADL’s) or you are diagnosed with cognitive impairment after the first 90 days. The ADL’s are bathing, eating, transferring, toileting, continence and dressing.

You must download and print the ‘Enrollment Verification’ after signing.

Yes, the Allstate policy is portable by paying your premiums directly to Allstate. As long as you continue to pay your premiums, your coverage will remain in force. The rate does not change when you leave employment.

The Standard has been in business since 1906

Learn more about The Standard by visiting https://www.standard.com/get-to-know-standard

No.

No.

Post-tax.

You will receive a Welcome Letter with instructions on how to create a MyBenefits account.

You can access your policy through the MyBenefits Portal.

You will receive the Welcome Letter within 10-15 business days from the end of enrollment.

Password reset – click on ‘Forgot Password’.

Enter your email address and complete the ‘Verification Code’.

Your password reset will be emailed to you.

Click here to view the underwriting questions.