Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jun 30, 2021

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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The Brief

  • An integrated long-term care rider is often less expensive than standalone long-term care insurance plans.
  • If you do not use your benefits, your beneficiaries will get the full death benefit, less any debt you may have on any policy loans.
  • The death benefit of your insurance policy will be reduced once you use your rider’s long-term care benefits.

Add-ons to your life insurance plan are a great way to give your family an extra layer of protection. One type of add-on or rider you should consider is a long-term care rider.

This extra coverage provides financial protection in case of an unforeseen disease or disability. This type of life insurance is pricey, so you should do your research before you buy. This guide will tell you everything you need to know before you buy long-term care rider life insurance.

You can also find the best rates on long-term care rider life insurance today. Enter your ZIP code to compare free quotes from top companies to find affordable long-term care rider life insurance near you.

What is a long-term care rider?

A long-term care rider is an additional feature of a life insurance policy that allows you to use part of the death benefit to pay for the costs of long-term care each month.

To take advantage of the benefits provided by this rider, a medical professional must certify that the policyholder is unable to perform at least two activities of daily living.

Alternatively, it could be triggered by the policyholder being diagnosed with a chronic condition that leaves them unable to take care of themselves.

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Are long-term care riders on life insurance a good deal?

Your retirement objectives, age, health, income, and assets will all influence whether long-term care riders make sense for you.

The premiums are not cheap. A long-term care insurance policy may be suitable for you if you have the finances to pay higher premiums and assets to safeguard.

If, for example, your main source of income is Social Security, you are unlikely to be able to afford this type of life insurance rider.

What are long-term life care rider life insurance rates?

Life insurance rates depend on your age, health, and several other factors. On average, life insurance premiums are around $2,000 per year. The cost a long-term care rider percentage will add to your premium depends on the company you choose and the long-term coverage you need.

It’s best to get life insurance quotes from multiple local companies by entering your zip code into our tool so you know what rates apply to your specific circumstances.

Which companies offer long-term life care riders?

Lincoln Financial Group, Pacific Life, Mutual of Omaha, and New York Life are just some of those who offer long-term care rider life insurance policies. But not all companies will offer long-term care riders. Usually, you can get them as part of a whole life or universal life policy.

You check out the best long-term care rider life insurance companies near you right now. Enter your ZIP code to compare free long-term care rider life insurance quotes from the top insurance companies in your area.