Long Term Care (LTC) Kicker

In Indexed Universal Life (IUL) insurance, the Long Term Care (LTC) Kicker is an added feature, typically as an optional rider, which offers:

• Advance Access to Death Benefit: Allows the policyholder to use a part of the death benefit early to cover long-term care expenses.
• Financial Support for Care Needs: Aimed at providing funds if the policyholder needs help with daily activities due to chronic illness or disability.

Benefits of Adding an LTC Kicker:

• Enhanced Utility of Life Insurance: Transforms the policy into a dual-purpose tool, benefiting both the policyholder and their beneficiaries.
• Long-term Care Cost Management: Helps offset the financial burden of long-term care, which can be substantial.

This rider enhances an IUL policy by making it a versatile instrument for both legacy planning and personal health care finance management.