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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.

Guarantee 5 American Equity

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American Equity’s Guarantee 5 is a single-premium, multi-year guaranteed annuity that offers a 5-year interest rate guarantee, a 5-year surrender charge duration, and a provision for Market Value Adjustment.

Guaranteed Rates

In the first year of your Guarantee 5 annuity from American Equity, your contract is credited with a fixed interest rate (which currently stands at 2.5%), which is guaranteed by American Equity for 5 years.

Once the selected Guarantee Period ends, you can renew your annuity for a new guaranteed interest period. During this renewal, the company establishes a new interest rate based on prevailing market conditions. The company has guaranteed that at no time will the effective interest rate be lower than 1%.

Depending on your financial goals and your circumstances, the company gives you 30 days (after the guarantee period ends) to choose the next course of action. You could make partial withdrawals and then renew the remaining funds for a new guarantee period, or surrender your annuity for its contract value. If you do not take action, the default procedure is to renew your annuity for a new guarantee period, which is done automatically by American Equity.

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