Sentences with phrase «year benefit period»

Given current statistics, a three - year benefit period provides a reasonable amount of coverage.

Alternatively, the more years your benefit period extends, the higher your LTCI premiums will be.

Alternatively, the more years your benefit period extends, the higher your LTCI premiums will be.

The universal life insurance with long - term care rider policy provides customization of the benefits period, including 2 - 7 year benefit periods.

Never consider less than a five year benefit period... lifetime is best.

The new student must be a resident of Florida and must be able to use the plan within the original 10 - year benefit period.

Since the average stay in a nursing home is 2.4 years and it's important to keep premiums affordable, a five - year benefit period is often a popular choice.

In certain instances, occupations that have a high likelihood of disability will also only qualify for a 2 — 5 year benefit period.

A 5 - year benefit period would cover the average duration of long - term disabilities across age groups (see the chart below).

Most long - term disability insurance policies pay out for 2, 5, or 10 years, or until retirement, and a 5 - year benefit period is typically enough to cover people; according to the Council for Disability Awareness, the average individual disability claim lasts for a little under 3 years.

The benefit period can last until retirement, but the average disability lasts for three years, meaning that a five year benefit period will cover most people and help make protection affordable.

A 5 - year benefit period would cover the average duration of long - term disabilities across age groups.

A five - year benefit period would cover the average duration of most long - term disabilities, according to PolicyGenius.

Never consider less than a five year benefit period... lifetime is best.

Policies that have longer benefit periods out to age 65 or 67 are more expensive than those with only 2 or 5 year benefit periods.

«Over 70 percent of people today buy a 3 - to - 5 year benefit period,» states Larry Moore, Director of Marketing for American Independent Marketing, a leading national marketer.

Since the average individual long term disability claim lasts between 2 - 3 years, you should at least consider a 5 year benefit period.

You can choose between 2 - 7 year benefit periods, but the policy will last longer than your chosen term if you are not using the full allotted long term care benefit amount each month.

These are based on a maximum daily benefit of $ 150 for three years benefit period, they are just examples, keep in mind you would need to get your own quotes based on your personal situation, these are only to show the potential range in price and to help you see why shopping for a policy is a really important aspect to this coverage.

They include one - and three - year benefit periods, with a monthly benefit amount ranging from $ 300 to $ 3,000 (subject to your income and occupation class).

For example, a policy with a two - year benefit period will cost less than a policy that pays until age 65 or your retirement age under Social Security.

The universal life insurance with long - term care rider policy provides customization of the benefits period, including 2 - 7 year benefit periods.