MetLife Long Term Care Insurance

MetLife VIP2 Long-Term Care Insurance Products

2010-06-08T10:04:00.000-07:00

MetLife VIP2 Product Series

Ideal Policy - The Ideal policy will help to provide the type of long-term care you need in the setting you want, including your home, Nursing Homes, Assisted Living Facilities and Hospice Facilities. If you would like to remain in your home, this policy provides features to make that transition more comfortable. The home health care supportive services will cover services such as shopping, laundry services, meal preparation, housekeeping and transportation. The Ideal Policy also includes a transition expense allowance which will help pay for home modifications and durable medical equipment. (Policy form series LTC2-IDEAL, in some states coverage is offered by the above referenced policy number followed by the states 2 letter abbreviation).
Value Policy - If you are looking for a long-term care insurance policy that will offer solid coverage at a good "value", the Value policy may be right for you. It can help you get the type of long-term care you may need, in the setting you want, including your home. This policy also offers the Indemnity rider, which will allow you to be paid your full Daily Benefit Amount every day a covered long-term care service is received, regardless of the cost of that service. (Policy form series LTC2-VAL, in some states coverage is offered by the above referenced policy number followed by the states 2 letter abbreviation).
Premier Policy - If you want flexible coverage that gives you maximum control in deciding how and where your long-term care insurance plan benefits are used, the Premier policy is for you. The Premier policy is a distinctive plan that provides you with a daily “cash” payment to spend as you see fit when you qualify to receive benefits. Not available in all states.

Facilities-Only Policy - If your primary concern is to have long-term care insurance coverage for a catastrophic event, then the Facilities Only policy may be the right choice for you. It provides coverage only for care received in Assisted Living Facilities, Hospice Facilities, and Nursing Homes. This policy helps to protect you and your loved ones from the high costs associated with Facility care. (Policy form series LTC2-FAC, in some states coverage is offered by the above referenced policy number followed by the states 2 letter abbreviation. This policy is currently not available in GA, OR, PA, RI and VT. State availability subject to change.).

MetLife LifeStage Advantage Long-Term Care Insurance Products

2010-05-20T11:48:00.001-07:00

MetLife Long-Term Care LifeStage Advantage is MetLife's newest long-term care insurance product. It combines simplicity, flexibility and affordability in product design which makes it easy to create a policy to fit virtually any client and budget. LifeStage Advantage offers the choice between two plans specifically designed for different life stages. (Currently available in AL, AK, AR, DE, DC, IA, IL, KS, KY, LA, ME, MI, MO, MS, ND, NE, NH, NM, OR, RI, SC, WV, and WY. State availability subject to change.)

Simple AdvantageSM - This plan is great if you are in the midst of your career, because it gives you the flexibility to get started with long-term care insurance now with a more affordable level of coverage and then add to it later - as often as every three years. Choose an initial total benefit amount between $75,000 and $500,000 and then have the option to purchase increases for up to double your original total benefit amount, without having to prove good health in order to purchase such an increase.

Custom AdvantageSM - This plan is great if you are getting ready to retire or are already retired. Custom Advantage helps you handle the cost of long-term care whenever you many need it - with your choice of total benefit amount from $75,000 up to $1 million. In addition, you have the option to help your coverage stay current with the likely rising cost of care.

MetLife's Cost of Long-Term Care

2010-05-13T10:33:00.001-07:00

The cost of long-term care can be very expensive. Below are the costs of care nationwide according to The 2009 MetLife Market Survey of Nursing Home, Assist Living, Adult Day Services, and Home Health Care Costs.
Nursing Home Care, Private Room - The average cost of nursing home care in 2009 for a private room is $79,935 per year or $219 per day. This is a 3.3% increase from 2008.

Nursing Home Care, Semiprivate Room - The average cost of nursing home care in 2009 for a semiprivate room is $72,270 per year or $198 per day. This is a 3.7% increase from 2008.

Home Health Care Aide Services - The 2009 average rate for a home health aide is $21 per hour, which gives a 5% increase from 2008.

Homemaker Services - The 2009 average rate for a homemaker is $19 per hour, with a 5.6% increase from 2008.

Adult Day Center - The 2009 average rate for an adult day service is $67 a day. This is a 4.7% increase from 2008.

Assisted Living Facility - The national average in 2009 for a private room and private bath in an assisted living facility is $3,131 per month, reflecting an average annual cost of $37,572, giving a 3.3% increase from the previous year.

Planning for Retirement with MetLife Long Term Care Insurance

2010-05-05T11:58:00.000-07:00

When selecting a Long-Term Care Insurance (LTCI) company, most people want one with financial strength and stability, and one that is a leader! MetLife is all of these and more; MetLife provides leadership and commitment to the long-term care industry, and since offering long-term care insurance in 1983, MetLife has become one of the largest LTC Insurance carriers in the U.S. today. In fact, MetLife was selected as one of the two carriers to implement and manage the Federal Government's Long-Term Care Insurance program. And MetLife has approved 99% of long-term care insurance claims made by its long-term care insurance customers between 1986 and December 31, 2006*.
We encourage you to browse this website, which is designed to give you some basic information about long term care, long-term care Insurance, and MetLife's Long-Term Care Insurance products. After you have done so we also encourage you to complete the inquiry form to work with a MetLife representative. This will enable you to learn more in depth about your options, and to find the product and benefits that best suit your long-term care needs and goals.

MetLife Long Term Care Insurance

2010-04-26T10:16:00.000-07:00

Ltcinsuranceresource.com is a website that is dedicated to informing consumers about MetLife Long Term Care Insurance. MetLife is one of the top LTC Insurance carriers in the industry. On this blog we will keep you up to date on the latest information.