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Equitable is a leading authority on life insurance with a long term care rider, offering one of the most comprehensive riders available for your clients' needs.
Our Long Term Care Servicessm Rider (LTCSR) transforms your client's life insurance. It's designed for any policy design, including those that focus on accumulation, with features that help your clients feel confident they will have a source of funds for long term care and their assets will be protected. This will give them the flexibility they need when they need it, without the typical trade offs.
Why choose the LTCSR?
The following benefits are built right into the LTCSR contract:
- No tradeoffs
- Added flexibility
- Asset protection
We don't limit who can provide care
Clients with the LTCSR can choose to use the qualifying payments any way they want. Once a healthcare practitioner prescribes a plan of care, they can receive care from the person they're most comfortable with — a family member, friend or medical professional.
Our clients spend less time waiting for long term care benefits
Our rider waives the elimination period for permanent claims and now offers an elimination period of only 90 calendar days for temporary claims.
We don't require receipts
The LTCSR follows an indemnity style model, so once your client's physician certifies they need and are receiving long term care, we start sending checks. Your clients can use that money however they want, including paying for care from a family member or medical professional.
We cover temporary conditions
Our rider covers long term care expenses associated with conditions that may not be permanent, such as mild stroke or orthopedic repairs.
Our rider is built for any policy design
With our rider, the LTC benefit will always match the policy's death benefit if the client chooses, regardless of the complexity of the case design. No matter what the policy's objectives or performance, the LTC benefit is easily defined and anchored to the death benefit, even after the policy enters corridor or after policy actions, such as withdrawals or death benefit option changes.
Policies with the LTCSR are designed with flexibility in mind
If your clients don't need the LTC benefit, they have access to the policy's cash value to supplement their retirement needs¹. Plus, any part of the policy's death benefit which was not paid as LTC benefit will be passed along to your client's beneficiaries.
Our clients can use the LTCSR for business owned policies
Business owners can use benefit payments to help buy out an insured's share of the business, finance finding are placement for a key person or offset losses due to a key employee's incapacity.
The policy can't lapse while on long term care claim
Once we start paying a valid claim, the policy is guaranteed to stay inforce until the benefit amount is exhausted or the claim is otherwise terminated.
Client materials
Financial Professional materials
- Top 8 reasons to choose the LTCSR with VUL
- Our LTC rider is one of the most comprehensive in the industry today
- Allowing family care providers - LTCSR
- LTCSR FAQ for VUL
- 7702B vs 101g riders white paper
- White Paper - Connecting the dots between aging at home and LTC protection
- LTCSR pre-qualification checklist
- A guide to understanding tax forms
- Buy sell triple play
- LTCSR with Life Insurance - A Wealth Planning Tool Flyer
- LTCSR- A Critical Component in Business Planning
Product highlights
No limit on who can provide care
The LTCSR contract includes specific language so once a care plan is in place, the insured can receive care from the person they are most comfortable with, including a family member, friend or medical professional.
Built for any policy design
When paired with certain Equitable single life insurance policies, the LTC pool will always match the policy's death benefit if the client chooses, regardless of the complexity of the case design. No matter what the policy's objectives or performance, the LTC benefit is easily defined and anchored to the death benefit, even after the policy enters corridor or after policy actions such as withdrawals or death benefit option changes.
Spend less time waiting for benefits
If the client needs long term care for the rest of their life, we waive the elimination period. If they need long term care temporarily, we'll send payment for qualifying expenses after just 90 calendar days, so they'll get the money they need sooner.
Choose the monthly benefit percentage they'll receive
The percentage your clients choose determines their monthly benefit amount. They can choose: 1%, 2% or 3%.
Rider is available with these products³
1 Policy loans and withdrawals will reduce the face amount and cash value of the contract. Clients may need to fund higher premiums in later years to keep the policy from lapsing.
2 70 is the maximum age in Florida.
3 This version of the rider is not yet available in CA or NY.
4 Insureds age 60 and older who elect this rider on VUL Incentive Life Protectsm will not be eligible for the preferred elite or preferred non-tobacco underwriting classes.
In FL, this rider is called the Long-Term Care Insurance Rider.
Actual terms and conditions of the LTCSR are contained in Rider form ICC19 R19 LTCSR, R19 LTCSR and state variations. This rider has exclusions and limitations and may not be available in all jurisdictions or may vary. The LTCSR has an additional cost and is subject to restrictions and limitations. Clients may qualify for life insurance, but not for the LTCSR. The LTCSR is paid as an acceleration of the death benefit.
You must be properly licensed to sell Equitable Financial Life Insurance Company and Equitable Financial Life Insurance Company of America products with the LTCSR. Depending on the issue state, you may be required to have a health insurance license and satisfy LTC CE requirements in addition to other licensing requirements.
Life insurance products are issued by Equitable Financial Life Insurance Company (New York, NY) or Equitable Financial Life Insurance Company of America and co-distributed by affiliates Equitable Network, LLC (Equitable Network Insurance Agency of California in CA; Equitable Network Insurance Agency of Utah in UT; Equitable Network of Puerto Rico, Inc. in PR) and Equitable Distributors, LLC. Variable life insurance products are co-distributed by Equitable Advisors, (member FINRA, SIPC)(Equitable Financial Advisors in MI and TN) and Equitable Distributors, LLC. When sold by New York state based (i.e., domiciled) Equitable Advisors financial professionals, life insurance products are issued by Equitable Financial Life Insurance Company (New York, NY). All companies are affiliated and directly or indirectly owned by Equitable Holdings, Inc., and do not provide tax or legal advice.
References to Equitable in this web page represent both Equitable Financial Life Insurance Company and Equitable Financial Life Insurance Company of America, which are affiliated companies. Overall, Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (NY, NY); Equitable Financial Life Insurance Company of America, an AZ stock company with an administrative office located in Charlotte, NC and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI and TN).
For financial professional use only. Not for use with the general public.
GE-7176698.1 (10/2024) (Exp. 10/2026)