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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 7 American Equity

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This is an American Equity Guarantee Series annuity with a single premium, and a 7-year interest rate guarantee. Guarantee 7 from American Equity also features a 7-year surrender charge duration, and has an MVA (Market Value Adjustment) provision.

Guaranteed Rates

Within the 1st year, your annuity is credited with a fixed interest rate (currently 2.8%) which American Equity guarantees for a total of 7 years. At the end of this guarantee period, you’ll have the option to either renew your annuity for a similar duration. If this happens, a new interest rate will be arrived at based on prevailing market conditions. The company guarantees that at no time will be its interest rate be lower than 1%.

If you do not wish to renew your annuity, there are other options available. For instance, you could make partial withdrawals, or surrender your entire annuity for its Account Value.

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