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title: How to build a policy
---

## ** How to build your policy**

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**Step #1:    Select a Benefit Bank Amount:**

 

Eligible employees select either **$50,000*,  $100,000,  $200,000  or  $300,000** as the total benefit bank.

This is the total dollar (or maximum benefit) amount you have to pay for LTC services.

 

**Step #2: **   **Select your Monthly Benefit Payout Structure:**

When you become eligible for benefits, you can choose between the payout options below. You'll notice that the total benefit bank you select, directly correlates to your monthly benefit.

 

| $50,000* Benefit Bank | $100,000 Benefit Bank | $200,000 Benefit Bank | $300,000 Benefit Bank |
| --- | --- | --- | --- |
| $1,000 Monthly Benefit (or $300 Cash Alternative) | $2,000 Monthly Benefit (or $600 Cash Alternative) | $4,000 Monthly Benefit (or $1,200 Cash Alternative) | $6,000 Monthly Benefit (or $1,800 Cash Alternative) |

 

OPTION 1: Receive reimbursement for qualified long term care services, up to your Monthly Benefit for Covered Expenses. Covered expenses include care at home through a home care agency or independent provider, in an assisted living facility, in an adult day care center, or in a nursing home. Hospice care is also covered.

OPTION 2: Elect to receive a cash payout, equal to your Cash Alternative Monthly Benefit amount. The cash benefits can be used to pay an informal caregiver, such as a family member or friend — or used for other purposes unique to your care situation.

*Note: The choice between the two options can be made on a monthly basis. Any un-used Monthly Benefit dollars will remain in your Benefit Bank and extend the life of your policy. *

 

**Step #3: **   Optional Riders

Compound Inflation Benefit (1%, 3% or 5%): If you elect this optional benefit, your current Monthly Benefit and your remaining Benefit Bank will automatically increase by 1%, 3% or 5% each year. The increase will be effective on each anniversary of your policy and rider, even while you are receiving benefits.

Nonforfeiture Benefit: If this rider is in force for at least three full years, and your policy then terminates due to non-payment of premium, this optional benefit allows you to retain a reduced paid-up amount of coverage. You will have a revised Benefit Bank equal to the greater of: (a) 100% of the sum of all premiums paid by you; or (b) one times your Monthly Benefit. Not applicable if Benefit Bank is exhausted prior to lapse.

 

* In WI: The $50,000 Benefit Bank is not available

**      **

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