Long-Term Care Insurance

 

Long-Term Care Insurance- UNUM
Click this link to view the enrollment document as an Adobe PDF File

Today, Long-Term Care (LTC) insurance is important for people of all ages if they want to reserve financial security and independence in the event of an extended disability. Despite popular misconceptions, the need for long-term care isn’t restricted to the elderly, because many working-age adults have disabling injuries and illnesses as well.

What Are The Key Features Of The Plan?

• Employees have the option to elect a monthly benefit of $1,000, $2,000, $3,000 or $4,000 over the duration of either 3 or 6 years. To be approved for the payout, one would have to show proof of loss of the 2 out of the 6 Activities of Daily Living as defined by UNUM.
• An employee's spouse may also be enrolled in this plan as well as one's parents or grandparents (special enrollment provisions apply)
• Premiums are frozen at the time of enrollment and will not increase due to age