How to build your policy
Easy as 1 - 2 - 3
Step #1: Select a Life Insurance amount
Eligible employees select either $50,000, $75,000, $100,000, $125,000 or $150,000.
Amounts above $150,000 require evidence of insurability. Total benefit amount may not exceed 5x your base salary.
Step #2: Calculating your monthly Long-Term Care (LTC) benefit
You get 4% of the selected Life Insurance amount as your monthly LTC benefit
Example:
Step #3: Calculating your total LTC benefit
You get 2x the selected Life Insurance amount as your total LTC benefit
Example:
How to use your policy
3 Scenarios
As long as coverage is active, a benefit will always pay to age 100. You don’t have to make any decisions on how you use your benefits until you actually need them. Here is an example how the Transamerica program provides for you and your family:
