Enhanced EssentialLTC Reminder

As a reminder, the states of AZ, CT, FL, IN and the District of Columbia now use the Enhanced version of EssentialLTC.

Features

• For joint policies, when one insured passes away the premium will now decrease to an amount specified on the illustration and Policy Schedule for each person.
• The Waiver of Premium Rider for Home and Community Care Services is now built into the policy and premium when Comprehensive Coverage is selected.
• The 10-Year Premium Payment Option is now fully guaranteed and will never be subject to a rate increase.
  • Florida now has a 10-Year payment option!*
• The underwriting rate classes will be consolidated into a single gender-distinct rate class called "Premier". It is a simplified competitive offering with clearer underwriting expectations.
  • The Employer Group rate class will still be available to approved employer groups in the states where it is available.
    • The 5% employer group discount for Arizona and Florida is being replaced by the Employer Group rate class.

Streamlined Rider Selection

•  Removed: The Step-Rated Compound Inflation Protection Rider
  • Still Available: The Compound Inflation Protection Rider with 3% and 5% options
• Removed: The Full Return of Premium Rider
  • Still Available: The Limited Return of Premium Rider
• Removed: The Full Return of Premium with Optional Policy Surrender Rider
  • Still Available: The Limited Return of Premium with Optional Policy Surrender Rider
• Removed: The 0-Day Elimination Period
  • Still Available: The 30, 90 and 180-Day Elimination Periods and the First Day HCCS Benefit Rider

All available riders can be found in our EssentialLTC Product Summary.