![]() ![]() Once you’ve satisfied your deductibles, you can even begin waiving payments of your premiums. Monthly premiums start as low as $30 per month, and monthly benefits can be anywhere from $1,500 to $7,000. New York Life My Care Long-Term Care InsuranceĪnother stand-alone long-term care policy, My Care long-term care insurance provides similar benefits to LTCSelect Premier, but this option is a bit more affordable. This policy type can be paired with optional riders such as inflation protection and premium waivers. Like most long-term care policies, LTCSelect Premier will come with a waiting period - in most cases, 90 days - before benefits begin. Used to offset the costs of long-term care, an LTCSelect Premier policy provides reimbursement for assisted living, skilled nursing facilities, and home care, among other qualifying types of long-term care. The benefits and names of these policies may be different depending on the state you live in. New York Life offers two types of long-term care insurance policies: Traditional long-term care insurance and hybrid long-term care and life insurance. Three-year rate guarantee: New York Life offers a three-year rate guarantee, which means your premiums won’t go up for the first three years of your policy.30-day free-look period: Long-term care insurance policies offered by New York Life offer a 30-day free-look period, which gives you the chance to return the coverage within 30 days if you’re not satisfied.Best and Fitch affirming A++ and AAA financial ratings, respectively. Financial strength: New York Life has a strong financial portfolio, with rating agencies such as A.M.Easy to file claims: New York Life makes it easy to file and review insurance claims with a streamlined online claim process.Local agents available in every state: New York Life has over 12,000 local agents located in every state to help customers with insurance and financial needs.If you don’t use your long-term benefits, then your beneficiaries will receive a residual death benefit. Combined long-term care and life insurance: New York Life offers both long-term care and life insurance in one streamlined policy.Best Prescription Discounts for Seniors. ![]()
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