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posted in: Insurance

The Facts about Long Term Care Insurance

Planning for long term care is not something to put off. If someone in your family ever needs long term care services, it will be important to have a solution to help keep your financial security plan on track.

Facts you need to know:
  • About 70 percent of people over age 65 will require some type of long term care during their lifetime.1
  • More than 40 percent will need care in a nursing home.1
  • The average cost for a semi-private room in a nursing home in 2013 was $212/day1, and long term care costs increase every year.2
  • Medicare and major medical policies typically do not cover long term care expenses.
Long term care insurance from COUNTRY Life Insurance Company® can help safeguard your future financial security.

It not only covers nursing home costs, but can also provide coverage for home and community care. If you’re married, you and your spouse can even select a Shared Policy (not available in AZ).

  • To help simplify the selection process, you can choose from one of three packages – Gold, Silver, or Bronze.

You also have a fourth option to build your own custom package.

  • COUNTRY Life also offers a long term care partnership policy3 to help you further protect your financial security.

With a partnership policy, you’re allowed to safeguard a portion of your assets above the amounts usually allowed by Medicaid.


Long term care insurance policies issued by COUNTRY Life Insurance Company®, Bloomington, IL.

1U.S. Dept of Health and Human Services,, accessed 10/1/2014

Consumer Price Index Detailed Report, 2012,, accessed 10/1/2012

3Not available in all states

Policies issued by COUNTRY Life Insurance Company®, Bloomington, IL. Policy form number: ICC14(LTC600).

This is a brief description of the Tax Qualified Long Term Care insurance policy available from COUNTRY Life Insurance Company and is not a statement of contract. This policy has limitations and is not available in all states. Long term care insurance is not Medicare Supplement insurance. For costs and complete details of the coverage, contact a COUNTRY Financial representative, refer to the Outline of Coverage or contact the company. "A Buyer's Guide to Long Term Care Insurance" is also available from your financial representative or the state insurance department. In Wisconsin, the guide is called "Guide to Long Term Care."

This is a solicitation of insurance and a financial representative may contact you. COUNTRY Financial representatives are licensed insurance producers. If you would like more information on long term care insurance from your state's senior counseling program, see your financial representative for the program's contact information.

In Oregon, the term "spouse" includes registered domestic partners.

Policies referred to are Comprehensive LTC-500, Facility Only LTC-520, and Shared Benefit LTC-540. In Idaho, LTC-500(ID12/03), LTC-520(ID12/03), and LTC-540(ID12/03). LTC-520 is not available in Oregon. In Georgia and Wisconsin, LTC-520 is titled Tax Qualified Nursing Home Insurance Policy.

LTC REPWS1 (10/12)