If you understand the need for long-term care insurance but find the premiums too expensive, a Short-Term Care Insurance Policy (B 9305) from Bankers Fidelity may be for you.
We make sure you have flexible benefits tailored to your needs and budget. Select from daily benefits of $201 to $300. Choose from benefit periods of 180 days or 360 days, with a 202 day elimination period applied to either option. In addition, following your confinement in a nursing home, and after you have been confinement free for six consecutive months, 100% of any benefits paid from your policy are restored3.
- Guaranteed renewable for life - your policy can never be cancelled by the Company as long as your premiums are paid on time, either in advance or during the grace period.
- Broad definition of coverage - benefits are paid when you are unable to perform any of the two of five Activities of Daily Living and your physician verifies that it is medically necessary for your nursing home stay.
- No prior hospitalization required - you may enter the nursing facility directly from your home; there is no pre-hospitalization requirement.
- Full restoration of benefits - following confinement in a nursing home, and after you have been confinement-free for six consecutive months, 100% of any benefits paid are restored. Your lifetime maximum benefit is two times the benefit period selected.
- Full benefits paid for Alzheimer’s Disease cognitive impairments, including Alzheimer’s Disease, senile dementia and Parkinson’s Disease, are covered the same as any other illness.
1 $30 minimum in Georgia
2 30 days in Tennessee
3 Not available in DE. Limited availability in NM and PA – 180 day benefit period only