• LIFE PRODUCTS

        • Your Guide for a fortified tomorrow.

        • Term life insurance is a type of life insurance policy that provides coverage for a specified period, known as the term.

          Unlike permanent life insurance policies, such as whole life or universal life, which offer coverage for the insured’s entire life, term life insurance offers coverage for a predetermined period, typically ranging from 5 to 30 years.

          This type of insurance is designed to provide financial protection to your loved ones in the event of your untimely death during the term of the policy.

          Universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value component.

          Unlike whole life insurance, which typically offers fixed premiums and cash values, universal life insurance provides policyholders with flexibility in premium payments, death benefit options, and the allocation of cash value among investment accounts.

          This flexibility allows policyholders to adjust their coverage and premiums over time to suit their changing financial needs and goals.

          Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid.

          Unlike term life insurance, which offers coverage for a specified period, whole life insurance offers lifelong protection and includes a cash value component that grows over time.

          This cash value accumulation provides policyholders with an additional financial asset that can be accessed during their lifetime through policy loans or withdrawals.

          Long Term Care (LTC) insurance provides financial protection by covering the expenses related to long-term care services, encompassing a wide range of healthcare needs including nursing home care, assisted living facilities, in-home care, and various medical services required for chronic illnesses, disabilities, or conditions necessitating assistance with daily activities over an extended duration of time.

          Disability insurance is a type of insurance coverage designed to provide financial protection in the event of a disabling injury or illness that prevents an individual from working and earning an income.

          Disability insurance replaces a portion of the insured individual’s income if they become disabled and are unable to work, helping to cover essential living expenses, medical bills, and other financial obligations during a period of disability.

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Welcome to
Long Term Care Insurance

Protecting Your Future and Preserving Your Assets

What is Long Term Care Insurance

Long Term Care (LTC) insurance provides financial protection by covering the expenses related to long-term care services, encompassing a wide range of healthcare needs including nursing home care, assisted living facilities, in-home care, and various medical services required for chronic illnesses, disabilities, or conditions necessitating assistance with daily activities over an extended duration of time.

elderly couple

Why Long Term Care Insurance

Long Term Care insurance provides financial protection and peace of mind for individuals concerned about the potential costs of long-term care services.

Without adequate insurance coverage, the expenses associated with long-term care can quickly deplete savings and assets, leaving individuals and their families vulnerable to financial hardship.

LTC insurance helps mitigate this risk by providing coverage for long-term care services, allowing individuals to preserve their assets and maintain control over their financial future.

How does Long Term Care Insurance Work

Long Term Care insurance works by providing coverage for a range of long-term care services, including nursing home care, assisted living, home healthcare, and adult day care.

Policyholders pay premiums to the insurance company, and in return, the insurance company provides benefits to cover eligible long-term care expenses up to the policy’s coverage limits.

When policyholders require long-term care services, they can submit a claim to the insurance company, which will then review the claim and determine eligibility for benefits based on the policy’s terms and conditions.

Once approved, benefits are paid out to cover the cost of eligible long-term care services, providing financial assistance to policyholders and their families during a challenging time.

mother and children

Who may need Long Term Care Insurance

Seniors

Seniors who want to protect their assets and ensure access to quality long-term care services as they age.

 
seniors

Adult Children

Adult children who want to protect their parents’ assets and provide financial assistance for their long-term care needs.

group of young adults

Individuals with Chronic Illnesses

Individuals with chronic illnesses or disabilities who may require long-term care services in the future.

sick girl

Retirees

Retirees who want to safeguard their retirement savings and have peace of mind knowing they are prepared for potential long-term care expenses.

old men

High Net Worth Individuals:

High net worth individuals who want to protect their assets and preserve their estate for future generations.

Long Term Care Insurance Advantages and Disadvantages

Advantages
checkedProvides financial protection against the high costs of long-term care services, helping individuals preserve their assets and maintain control over their financial future.
checkedAllows individuals to receive care in the setting of their choice, whether it’s at home, in an assisted living facility, or in a nursing home.
checkedProvides peace of mind knowing that long-term care expenses are covered, reducing the financial burden on individuals and their families during a challenging time.
checkedOffers flexibility in coverage options and benefit amounts, allowing individuals to tailor their coverage to suit their needs and budget.
checkedMay provide tax advantages, with some long-term care insurance premiums being tax-deductible, depending on individual circumstances.
Disadvantages
Premiums can be expensive, especially for older individuals or those with pre-existing health conditions.
Policy eligibility and benefits may be subject to certain restrictions and limitations, depending on the policy’s terms and conditions.
Coverage may not be sufficient to cover all long-term care expenses, particularly if individuals require extensive or specialized care.
Policyholders must continue paying premiums to maintain coverage, even if they never require long-term care services.
Policyholders may face rate increases or changes in policy terms over time, which could impact affordability and coverage.

Long Term Care Insurance
Tools and Resources

Calculator
Educational Resources
Speak to an Adviser
Customer Support

FREQUENTLY ASKED QUESTIONS

Life cover, also known as life insurance, provides financial protection to your loved ones in the event of your death. It offers a lump sum payment to the beneficiaries, helping them maintain their financial stability and cover expenses such as funeral costs, mortgage payments, and everyday living expenses.

EMAXONELIFE offers a range of life insurance products to cater to different needs and preferences. Our life insurance options include term life insurance, whole life insurance, universal life insurance, (IUL) indexed universal life, long term care insurance, disability insurance, and annuity products. Each product provides unique features and benefits allowing individuals to choose the coverage that best suits their requirements.

EMAXONELIFE offers life insurance coverage to a wide range of individuals. Eligibility requirements may vary depending on the specific policy and coverage selected. Generally, anyone who meets the following criteria can apply for life insurance:

checkedMust be of legal age (18 years or older)
checkedMust be a citizen or permanent resident
checkedMust meet the underwriting standards set by EMAXONELIFE, including health and lifestyle factors.
checkedSome policies may have additional eligibility criteria or restrictions, which can be discussed with an EMAXONELIFE Insurance Advisor.
Life insurance is available to individuals who meet the eligibility criteria set by EMAXONELIFE. While the specific requirements may vary, generally, the following individuals can have life insurance:
playtime for minorsMinors
working professionalsWorking professionals
stay at home parentsStay-at-home parents
seniorsSeniors
business owners 1Business owners
financial dependentsIndividuals with financial dependents
homeowners with mortgagesHomeowners with mortgages
individuals seeking to protect their loved ones financiallyIndividuals seeking to protect their loved ones financially

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