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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.

Guggenheim SPIA (Single Premium Immediate Annuity)

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Guggenheim Provider SPIA is an annuity product that produces an immediate stream of income upon contract issue. The investor’s lump sum premium is converted into a predictable and reliable stream of income. Depending, income payouts start anytime between 30 days and 12 months after contract issue. The Provider Single Premium Immediate Annuity may be a great product for individuals who are looking to convert a lump sum amount of money into a steady income stream.

Guggenheim Provider Income Options

When you buy your Guggenheim Provider SPIA, you have to select for how long you intend to receive your guaranteed income stream. You may receive income payouts for a specific period of time, or for ‘life’.

Annually Increasing Payments

You may select a type of cost-of-living adjustment (COLA) at contract issue to allow your stead income stream to keep up with inflation. Every year, at contract anniversary, your monthly payment will be increased by a percentage figure ranging 1-15%.

Guggenheim Provider SPIA Advantages

  • Security – with this immediate annuity, anyone can convert a lump sum amount of money into a guaranteed income stream for retirement financial security.
  • Simplicity – this is a fixed annuity, which means you don’t have to concern yourself with managing investments, choosing interest crediting strategies, etc. For investors who are looking for a straightforward immediate annuity, the Provider SPIA from Guggenheim Life may be worth a look.
  • Principal Protection – your principal is protected and is not subjected to fluctuating financial markets.
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