Elimination period: The number of days you must pay for your own care before the policy begins paying benefits (e.g., 20 days, 90 days). Types of facilities included: Many policies cover care in a variety of settings including your own home, assisted living facilities, adult day care centers, and nursing homes. Inflation protection: With inflation protection, your benefit will increase by a certain percentage each year. It’s an optional feature available at additional cost, but having it will enable your coverage to keep pace with rising prices. Your insurance agent or a financial professional can help you compare long-term care insurance policies and answer any questions you may have. Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable – we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. *U.S. Department of Health and Human Services, October 10, 2017. To explore how the preceding article could potentially impact your investments, please contact a Commerce Trust advisor. 1-855-295-7821 | commercetrustcompany.com
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