Can You Add Long-Term Care To A Life Insurance Policy?

Shawn Plummer

CEO, The Annuity Expert

Can You Add Long-Term Care To A Life Insurance Policy?

Yes, you can add long-term care to a life insurance policy by including a living benefit rider. This allows policyholders to access a portion of the death benefit early if they require long-term care. The funds can be used for various services like in-home care, nursing home care, or assisted living.

Related Reading: Does a Long-Term Care Policy Have a Deductible?

Understanding Living Benefits in Life Insurance

Living benefits in life insurance, also known as accelerated death benefits, enable policyholders to use their death benefit while they are still alive under certain circumstances, such as needing long-term care.

Examples of How Living Benefits Work

  • Early Access to Funds: If a policyholder becomes chronically ill and meets the criteria set by the policy, they can access a part of the death benefit for long-term care expenses.
  • Flexibility in Use: The funds can be used for a range of long-term care services.
  • Impact on Death Benefit: The amount used for long-term care is deducted from the total death benefit payable to beneficiaries upon the policyholder’s death.

The Lincoln Financial MoneyGuard is one of our recommended products that offers a long-term care rider

Comparing Life Insurance With And Without Living Benefits

FeatureLife Insurance OnlyLife Insurance with Living Benefits
Death BenefitPaid to beneficiaries after deathPaid to beneficiaries, reduced by any living benefit used
Use of FundsOnly after deathCan be used during life for long-term care
Eligibility for BenefitsUpon deathUpon meeting specific health criteria
PurposeProvide after-death financial supportProvide support both during life (if needed) and after death


Adding long-term care to a life insurance policy through a living benefit rider provides financial flexibility and peace of mind. It ensures that if you require long-term care, you have access to funds without completely diminishing the death benefit for your beneficiaries. This addition can be a strategic part of a comprehensive financial plan. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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