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Daily Coverage

Long-Term Care Insurance policies pay a daily amount towards home care, assisted living, or nursing home. Home care is the most common claim, with 75% of claims starting at home.

Plan Duration

Average claim: 2.9 years. Assuming you don’t have a crystal ball, you don’t know how long you’ll need Long Term Care for. The chance of needing Long Term Care is 1 in 2, but the chance of needing it for over five years is much smaller. Like any insurance, you may buy this and never use it, so finding a balance is key.

Return of Premium

Add this option and you’ll be able to leave your beneficiary the total sum of all of your premiums paid, less any claims you’ve made. If the thought of buying this and never using it bothers you, guarantee a return of funds with Return of Premium.

Home Health Care on Day 1

Coverage for care at home is available with no waiting period. This 10-15% extra option is the most popular add-on rider.

Shared Coverage

Women make longer claims than men, on average. Hedge your risk with your spouse by adding a Shared Care rider to your policy.

Inflation Protection

If you're buying this thinking of using in the future, include inflation protection.

Americo Future Provider Annuity

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Future Provider by Americo is a fixed indexed annuity (FIA) with a 10 year surrender charge period. In specifics, it is a single premium Equity-Indexed Annuity. The product is not available in AL

Future Provider Annuity Features

Issue age

The issue age restrictions stand at 0-85 years for qualified and non-qualified owners. The annuitization age is restricted to 100 years


  • Minimum for qualified and non-qualified payments – $10,000.
  • Maximum for qualified and non-qualified payments – $1,000,000.
  • Flexible premiums are not accepted with this annuity.
  • Payroll deductions-$83 for qualified payments
  • Minimum added premium- $1,000 for qualified and non-qualified payments.

Death benefit

The death benefit is equal to the policy value at the time of the annuitant’s death. There are however other additional options. These involve payments of proceeds over a period of 15 or 25 years. The total proceeds will be the death benefit multiplied by a percentage that will never be less than 130% and 150% respectively for the above-mentioned options.

Free withdrawals

With Americo’s Future Provider, you can withdraw up to 10% of your contract value once on each contract year. The withdrawal will be based on the last in first out basis. Withdrawals above the free 10% will attract early withdrawal charges that gradually reduce from the first to the last year from about 9.2% in the first year to 1.00% in the tenth year. Annuitants can also withdrawal the accumulated interest only but only after 30 days. The account must, however, remain with at least $2,000 after free withdrawals each of which must be at least $500.

Systematic withdrawals

These are available on a monthly, quarterly, semi-annual and annual basis. The minimum amount one can withdraw from their account is $500. The minimum account value is $2,000.

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