Coverage options to help clients prepare for extended care needs while protecting their assets and independence.
Long-term care insurance helps cover the cost of extended care services that are not typically included in traditional health insurance or Medicare. This can include assistance at home, in assisted living facilities, or in nursing homes.
For many clients, the need for long-term care is not a question of if, but when. Planning ahead can help protect savings, reduce financial strain on family members, and provide more flexibility in how and where care is received.
New Horizons works with a range of long-term care carriers, giving agents access to solutions that can be tailored to different financial situations and planning goals.
We partner with established long-term care insurance carriers that offer a range of benefit structures, underwriting approaches, and hybrid product options.
What It Covers
Policies are designed to help pay for services such as in-home care, assisted living, adult day care, and skilled nursing care. Benefits are typically triggered when a client is unable to perform a certain number of activities of daily living (ADLs).
Benefit Structure
Clients choose daily or monthly benefit amounts, benefit periods, and elimination periods. These selections determine both the level of coverage and the cost of the policy.
Standalone vs. Hybrid Options
Some policies are traditional long-term care insurance, while others are hybrid products that combine life insurance or annuities with long-term care benefits. These options can address common concerns about “use it or lose it” coverage.
Long-term care insurance is often most effective when clients plan in advance. Waiting too long can limit options due to age, health, or cost.
Clients who may benefit from a conversation include:
Positioning this as part of a broader financial and retirement strategy can help clients make more informed decisions.
Long-term care planning can involve more detailed conversations than many other product lines. New Horizons provides support to help agents navigate these discussions with confidence.
Support Includes:
This support allows agents to approach long-term care planning in a structured, practical way without needing to be subject-matter experts in every product variation.
Long-term care planning is often part of a broader strategy. Depending on the client’s situation, other products may also play a role.
Suggested Links:
Access carrier options, product guidance, and support to help clients plan for extended care with more clarity and confidence.
