Minnesota Parnership Plan Long Term Care Insurance Quote Request MN LTC plans

Benefits Selection
Nursing Facility Stay Benefit - When you stay in a qualified Nursing Facility the policy will pay 100% of your actual expenses up to the daily benefit you choose.
Nursing Facility Stay - Daily Benefit	(100- 1000)
Nursing Facility Stay - Benefit Period
Assisted Living Facility Stay - When you stay in an Assisted Living Facility, policy will pay 100% or 50% (whichever percentage you selected) of your daily benefit for a Nursing Facility Stay.
Assisted Living Facility Stay
Elimination Periods - You choose when the policy begins paying you benefits. If you choose 0-days, you will receive benefits starting on the very first day you receive covered care. Or, you may choose a different elimination period and collect benefits after 20, 30, 90, 180 or 365-days of receiving covered care.
Elimination Period
Payment Options - Lifetime - Premiums are payable for the lifetime of the insured(s). (Note: Waiver of Premium is automatically included and your premiums will be waived after you have been confined in a Nursing or Assisted Living Facility for more than 90 days. For joint coverage, premiums for both insureds will be waived if either insured is confined for more than 90 days.) 10-Year Premium Payment Option - After paying premiums for ten years, your policy is paid up for life and can never be cancelled. Single Premium Payment Option - Pay one lump-sum premium and pay no more premiums. You are protected from rate changes and your policy can never be cancelled.
Payment Options
Optional Benefits
Home and Community Services - Home Care - will pay 100% of your actual expenses, up to your daily Home & Community Services Benefit, for care received from a nursing care professional, or services from a therapist, home health aide or for homemaker services. Adult Day Care - will pay 100% of your actual expenses, up to your daily Home & Community Services Benefit, for care received from a licensed adult day care center. Hospice Care - will pay you 100% of your actual expenses, up to your daily Home & Community Services Benefit. (Note: Period selected must be equal or less than the Nursing Facility Stay Period.)
Home and Community Services
Inflation Protection The Inflation Protection requirement for the Long Term Care Policy to qualify for the Partnership Plan is that at the time the insurance is effective: 1. If you're under 61 then Compound Inflation is required. 2. If you're 61 but not 76 Simple interest is required. 3. If you're 76 and over then no inflation protection is required. Compound Inflation Protection - this rider increases your benefit by 5% per year, compounded annually for the life of the policy. Benefits will continue to increase even while you're on a claim. Simple Inflation Protection - this rider increases your benefit by 5% per year, except the interest is not compounded. Benefits will continue to increase even while you're on a claim.
Inflation Protection
Indemnity Benefit Options - Indemnity Benefit Option - This option converts all benefits from reimbursement to indemnity. Regardless of actual charges you incur, the policy will pay the full daily benefit amount you choose. Caregiver Indemnity Benefit Option - This option allows any Home and Community Services Benefits to be payable regardless of who provides the care, such as family member, friend or other non-professional. This option also converts all benefits from reimbursement to indemnity.
Indemnity Benefit Option
Nonforfeiture Benefits - Full Nonforfeiture Benefit Option - This option returns all the premiums paid to your beneficiary upon your death (or the second to die with joint coverage). For in force policies, the rider provides a death benefit equal to the total of premiums paid, regardless of any claims paid. If the policy lapses due to non-payment of premiums, this benefit continues coverage until the total of benefits paid equals the total of premiums paid. Upon death, any premiums remaining not already paid in benefits, will be paid to your beneficiary. Shortened Benefit Period Nonforfeiture Benefit Option - This option provides extended benefits if your policy lapses after three years. Your benefit is equal to the total premiums paid, but is never less than 30 times your daily benefit amount at the time your policy lapses.
Nonforfeiture Benefits