We care about Aflac’s policyholders affected by the recent weather:
To help provide relief for California policyholders residing in Santa Cruz County who were affected by the coastal storms, Aflac will provide a premium grace period starting Dec. 23, 2024, and ending Apr. 15, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
For Network Dental and Vision Members:
This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.
We care about Aflac’s policyholders affected by the recent wildfires:
To help provide relief for California policyholders residing in Los Angeles and Ventura Counties affected by the wildfires, Aflac will provide a premium grace period starting Jan. 7, 2025, and ending Mar. 10, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.
For Network Dental and Vision Members:
This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.
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A long-term care rider is an add-on to a life insurance policy. It can offer added financial protection if you’re still alive but no longer able to take care of yourself. Let’s dive deeper into life insurance with a long-term care rider so you can decide if it makes sense for you.
Table of Contents
With a life insurance long-term care rider, you’ll receive coverage if you’re unable to independently perform two or more of the six activities of daily living, which include eating, bathing, getting dressed, walking, and maintaining continence.1
The payout from a long-term care rider can be taken from your policy’s death benefit to use for expenses, such as nursing home care, private nursing, home health services, and other medical care costs that come with aging.2
Here’s what you can expect from a long-term care rider:
To qualify for a long-term care rider, you must be chronically ill and unable to perform at least two of the six activities of daily living. In addition, you need a care plan in place with proper documentation.
Many life insurance companies have a waiting period that might be anywhere from 20 to 100 days.3 For example, if the waiting period is 90 days, it means you can’t access long-term care rider benefits before the 90 days are up. You may receive coverage at any time after this period.
If you’re eligible for a long-term care rider, your life insurance company may distribute the payout, which will likely be a percentage of your death benefit every month. While each rider is unique, monthly allowed amounts might be between 1% to 3% of the death benefit.2
A long-term care rider is designed to help pay for expenses that a traditional health insurance policy won’t cover, such as:2
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedThe cost of a long-term care rider will depend on the life insurance company you choose. While many riders can be added on for a flat fee, long-term care riders are typically priced as a standalone product. This makes them more expensive and may add anywhere from $600 to $800 to your premiums annually.2
You can get a long-term care rider when you first purchase a life insurance policy. After doing some research online to compare life insurance companies and types of policies, get a few quotes and choose an option that meets your coverage needs. Then, you can fill out an application and take the medical exam. Once the underwriting process is complete, you can receive coverage and start paying premiums.
The cost of long-term care does not come cheap. In fact, it can cost nearly $9,000 per month to stay in a private room at a nursing home.2 If you’d like to ensure you can afford end-of-life costs, a long-term care rider is worth considering. But if you already have savings available for long-term care or don’t want to spend the extra money on a rider, you may decide you don’t need this product.
A long-term care rider can come in handy if you become chronically ill and need services like nursing home care and home health care, as traditional health insurance doesn’t cover these expenses. Aflac does not currently offer a long-term care rider but, you might want to explore other riders that Aflac does offer, such as the accelerated death benefit rider and the waiver of premium rider. Contact Aflac today for more information on our life insurance policies and get a quote.
Get Started
The rates you'll pay for term life insurance depend on your age and other factors. Find out how rates vary with age and how to find the best term life insurance plan for you.
Life insurance with cash value lets you withdraw money to cover necessary expenses. Find out how cash value savings work and the types of insurance policies offered, including whole life insurance.
The rates you'll pay for term life insurance depend on your age and other factors. Find out how rates vary with age and how to find the best term life insurance plan for you.
Life insurance with cash value lets you withdraw money to cover necessary expenses. Find out how cash value savings work and the types of insurance policies offered, including whole life insurance.
1 ValuePenguin - Should I Buy Life Insurance with a Long-Term Care Rider? Updated August 2, 2024. https://www.valuepenguin.com/life-insurance-long-term-care-rider. Accessed September 5, 2024.
2 Policygenius - Life insurance with a long-term care rider. Updated March 7, 2024. https://www.policygenius.com/life-insurance/long-term-care-rider. Accessed September 5, 2024.
3 Forbes Advisor – Best Long-Term Care Insurance Companies Of 2024. Updated February 15, 2024. https://www.forbes.com/advisor/life-insurance/best-long-term-care-insurance/. Accessed September 5, 2024.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac Coverage
Life (A68000 Series) - In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68100-A68400. In New York, NY68100-NY68400. Term and Whole Life (B60000 Series) - In Arkansas, Idaho, Oklahoma, Pennsylvania, Texas, & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Group Whole Life (Q60000 Series) - In Arkansas, Delaware & Oregon, Policy Q60100M. In Idaho Policy Q60100MID. In Oklahoma, Policy Q60100MOK. In Texas, Policy Q60100MTX. Group Term Life (Q60000 Series) - In Delaware, Policies Q60200M. In Arkansas, Idaho, Oklahoma, Oregon & Texas, Policies ICC18Q60200M, ICC18Q60300C, ICC18Q60400C.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
Tier One Coverage
Life (Final Expense Life) - In Arkansas, Delaware, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22.
Tier One coverage is underwritten by Tier One Insurance Company. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).
Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY or VA. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations and exclusions.
Aflac’s family of insurers include Aflac, Aflac New York, Continental American Insurance Company, and Tier One Insurance Company.
Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road | Columbus, GA 31999.
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211
Z2300621R1
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