Long Term Care
Whether it's due to a motorcycle accident or a serious illness, LTC is the type of care you may need if you couldn't independently perform the basic activities of daily living: bathing, dressing, eating, or if you suffered severe cognitive impairment from a
condition such as Alzheimer's disease. : Nordea Bank Abp, New York Branch pays the entire cost of the Base Plan. Benefits
eligible employees are auto-enrolled upon hire.
Available Base Coverage
Monthly Benefit Amounts
Nursing Facility
Up to $6,000
Assisted Living Facility
Up to 60% of Nursing Facility Benefit
Up to 50% of Nursing Facility Benefit
Total Home Care
3 Years
Benefit Duration
36x The Facility Amount
Lifetime Maximum Benefit
($216,000)
Elimination Period
90 Days
Available Buy-Up Options*
Monthly Benefit Amounts
$7,000 or $8,000
Facility Benefit
6 Years or Unlimited
Benefit Duration
5%
Compound Inflation**
Long Term Care Rates will be based on age. Rates will not increase as you get older. If you separate from Nordea, this benefit is portable and able to be continued on an individual basis directly with Unum .
.
*Evidence of Insurability may be required if applying for Buy-Up coverage. **Your Maximum Benefit will be adjusted to include inflation increases, if applicable
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