1. Pricing & Fees. For a personalized insurance illustration, please contact PNC Wealth Management
Long-Term Care Insurance
PNC Wealth Management can help you find coverage to suit your personal situation.
Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. Long-term care coverage is often purchased as a rider on a traditional life insurance policy or as part of a hybrid life insurance policy that combines the benefits of life insurance and long-term care insurance. PNC Wealth Management can help you find coverage to suit your personal situation.
Key Features
Overview
- May be added to a life insurance policy as a rider[1]
- May be accessed as part of a hybrid policy; certain life insurance or annuity policies include long-term care as a secondary benefit
- Mitigate the risk of unanticipated expenses related to long-term care – this could include long-term care provided in a nursing home or assisted living facility, or home-based care
- Though it may be hard to face the fact that health problems could result in a loss of independence, planning now can help to protect your assets in the event of an accident or medical situation
- Two primary types of long-term care insurance:
- Indemnity policies pay up to a fixed amount regardless of what you spend on long-term care
- Reimbursement policies reimburse actual expenses for services received up to a fixed dollar amount on a per-day, per-week or per-month basis; choose the benefit amount when you purchase the policy