Indemnity Model policies pay the insured person a flat amount regardless of the amount of the insured person's qualified long term care expenses.

Indemnity Example 1

Judy purchases an Indemnity Long-Term Care Insurance Policy with coverage of $150 per day. Judy later needs Home Health Care services and the cost is $80 per day. Judy's Indemnity insurance coverage would pay her $150 per day of service even though her expenses are only $80. Judy can use the extra $70 in any way she sees fit.

Indemnity Example 2

Len purchases an Indemnity Long-Term Care Insurance Policy with coverage of $150 per day. Len later needs Home Health Care services and the cost is $200 per day. Len's Indemnity insurance coverage would pay him $150 per day of service even though his expenses are $200. Len would be financially responsible for the extra $50.

*The case study results are for illustrative purposes only and should not be deemed a representation of past or future results. This example does not represent any specific product, nor does it reflect sales charges or other expenses that may be required.

We do not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.