Multi-life and executive long-term care: benefits and structure

By Steve Savant

Ash Brokerage Corporation


Long-term care insurance has four basic building blocks that comprise the benefits in customized policy: benefit amount, benefit period, waiting period and inflation or CPI riders. Most employers use pre-determined plan designs, generally representing three benefit levels. Some employees buy additional benefits called "buying up." Steve and Maria walk through the benefits and structures of multi-life LTC polices in business scenarios.