Transcript The Prudential Advantage A view into Prudential’s family
PRUDENTIAL’S GROUP INSURANCE
Get Peak Protection
for You and Your Family
Prudential Long Term Care SM Insurance The Prudential Insurance Company of America IFS-A114564 Ed. 0206 100612 0206
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What is Long Term Care?
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Why is Long Term Care insurance advisable?
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$70,810
Annual costs can be significant.
$65,415 $42,276 Nursing Home (semi-private room) Assisted Living Care $38,892 National North Carolina Prudential Financial Long Term Care Cost Survey, August 2008
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What if you saved the premium dollars?
$500,000 $400,000 $300,000 $200,000 $100,000 $0 Year 3 Year 5 Year 10 Year 15 Year 20 Year 25 Year 30 Funds available from LTC Insurance with Auto Inflation, 5% compounded interest Funds available from saving premium equivalent dollars at 4% after taxes
For illustration purposes only: 45-Year Old, $100 Daily Benefit Maximum, 50% Home and Community-Based Care Benefit, 90-Day Elimination Period, Five-Year Lifetime Maximum Benefit. Available funds may vary based on benefit selections and claim payments.
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Get financial support.
Prudential Long Term Care Insurance
Helps you maintain financial independence and preserve assets. Allows you to choose who provides your care and where you receive it. Helps provide better care/life balance during a difficult period.
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What kind of coverage can you get?
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You select your coverage amount…
Daily Benefit Maximum (DBM) Nursing home care & assisted living facility Home and Community-Based Care Daily Benefit Maximum (75% of the DBM you selected) $100 $75 $150 $113 Lifetime Benefit Maximum* 3-year 5-year 10-year $109,500 $182,500 $365,000 * An unlimited lifetime maximum is also available $164,250 $273,750 $547,500 $200 $150 $250 $188
Your “Pool of Money”
$219,000 $365,000 730,000 $273,750 $456,250 $912,500 $300 $225 $328,500 $547,500 $1,095,000 $350 $263 $383,250 $638,750 $1,277,500
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…and protection against inflation.
Standard Periodic Inflation Protection Optional Automatic Inflation Protection
Benefit
40
Premium
67 Age (years) Rates may only be increased on a rate-class basis.
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40
Benefit
Age (years)
Premium
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Why should you buy it now?
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Buying earlier means lower premiums.
$1,200 $1,000 $800 $600 $400 $200 $0 Age 35 Age 45 Age 55 Age 65 This illustration assumes five years of coverage with a $100 a day Nursing Home Benefit, $60 a day Home Care Benefit, 90-day Elimination Period, and Periodic Inflation Protection. Subject to any rate guarantee that might apply, Prudential has the right to change premium rates in the future, but only on a class basis.
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Buying later increases total premium.
Age at Enrollment 30 40 50 60 Monthly Premium Rate $10.15
$16.71
$29.42
$63.16
Annual Premium $121.80
$200.52
$353.04
$757.92
Total Paid Premium at Age 80 $6,090.00
$8,020.80
$10,591.20
$15,158.40
This illustration assumes five years of coverage with a $100 a day Nursing Home Benefit, $75 a day Home Care Benefit, 90-day Elimination Period, and Periodic Inflation Protection. Prudential has the right to change premiums at any time after the rate guarantee expires, but only on a rate-class basis. Consult your accountant or tax consultant regarding potential tax advantages.
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Advantages of buying it at work…
It’s economical.
It’s portable.
It’s easy.
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For more Information, visit:
www.prudential.com/gltc
Group Name: dukeltc Password: enrollment
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Some limitations and exclusions apply.
Work-Connected Conditions Charge Government Plan Charge Self-Inflicted Injury or Suicide Exclusion Services and Supplies Outside U.S. Exclusion Treatment for Chronic Alcoholism or Chemical Dependency Exclusion War, Felony, Riot, or Insurrection Exclusion An Outline of Coverage, with complete plan information, including limitations and exclusions, will be provided.
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Prudential Long Term Care SM Insurance is issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102 [(800) 732-0416].
This coverage contains benefits, exclusions, limitations, eligibility requirements, and specific terms and provisions under which the insurance coverage may be continued in force or discontinued. The Prudential Insurance Company of America is authorized to conduct business in all U.S. states and the District of Columbia. All insurance policies/options may not be available in your state. Coverage is issued under Contract Series 83500. This is a solicitation for Long Term Care insurance.
Nothing in this presentation is intended to guarantee eligibility for coverage or payment of any claim. Actual coverage is subject to the terms and conditions, including limitations and exclusions, set forth in the actual insurance agreement.
Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America.
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