Auto-Owners Insurance

Long Term Care is the care you receive when you cannot take care of yourself because of a physical or cognitive impairment.  This care is usually provided either in your home, an assisted living facility, or a nursing home.  This type of care is very expensive and government entitlement programs such as Medicare and Medicaid provide limited protection.

Who Should Consider Buying Long Term Care Insurance? People who don't want to burden their children or family. People who want to protect their assets. People who want to have control of their care. People who want to maintain their independence.

Who Should Consider Buying Long Term Care Insurance? Issue ages 18 to 100 Facility Daily Benefit Amounts of $50 to $250. Indemnity Policy When receiving qualified long term care, the policy pays the actual Facility Daily Benefit Amount listed on the policy declaration page, not up to the amount listed like many policies. Pays benefit amount directly to the policyholder, not to the care provider. Provides insured or insured's family with more flexibility in the use of this money. No bills or receipts to submit.

Policy Programs Basic:Pays 100% of Facility Daily Benefit Amounts: Assisted Living Facility or Nursing Facility No Home Health Care 7-day bed reservation benefit per calendar year. Intermediate:Pays 100% of Facility Daily Benefit Amount. Assisted Living Facility or Nursing Facility Pays 50% of Facility Daily Benefit Amount for Community Care or Home Health Care.   14-day bed reservation benefit per calendar year. Advanced: Pays 100% of Facility Daily Benefit Amount. Assisted Living Facility or Nursing Facility Community Care or Home Health Care  21-day bed reservation benefit per calendar year.

Special Features Available Benefit Periods 2 years (730 days) 4 years (1460 days) 6 years (2190 days) 10 years (3650 days) Waiting Periods 30, 60, or 90 days. Only needs to be satisfied once during lifetime of policy. Waiver of Premium Premiums don't have to be paid while receiving benefits. Guaranteed Renewable Policy cannot be cancelled if premiums are paid on time. Pre-Existing Conditions Once a policy is issued, there are no restrictions or exclusion of coverage due to pre-existing conditions. 30-Day Free Look If not satisfied, premium paid will be refunded. Tax-Qualified Policy Intended to be a qualified Long Term Care insurance contract under the Federal Tax Code, as defined under Section 7702B(b) of the Internal Revenue Code.

Optional Coverages

3% or 5% Compound Benefit Increase Rider

• Facility Daily Benefit amount increases 3% or 5% on each policy anniversary, even when benefits are being paid.
• Premium will not increase every year because of this benefit.

Non-Forfeiture Benefit Rider

If premium paid for at least 3 years and then discontinued, benefits for qualified long term care will be payable equal to the amount of the premium paid or 30 times the initial Facility Daily Benefit Amount, whichever is greater.

Premium Discounts

• 20% Preferred health discount*
• 20% Spousal discount* - applied when a husband and wife apply for and are issued policies.

*25% maximum discount per policy
Note: Coverages or discounts may not apply in all states. Some exclusions and limitations may apply.

Regardless which program fits your specific needs, Auto-Owners products are among the best in the industry. We pride ourselves in providing high quality, fairly priced life insurance, disability income, long term care and annuity programs.