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Welcome to
the American Foreign Service Association Long Term Care website.
This is exclusively for members of AFSA
and their family members.
This site will help you learn about Long Term Care, and LTC insurance.
We will help you choose from among the many plans and customize a
plan that is right for you and your family.
Each one of us has had an experience with Nursing Homes. If not a
direct experience, we have heard hair-raising stories about the costs
of keeping family members in a nursing home. There are several ways
to control these costs. One is to purchase Long Term Care insurance.
- You can buy
coverage with a set daily benefit that goes up with inflation.
- You can select the time period of coverage from 2 years to
lifetime.
- You can have a waiting period before coverage takes effect
from 0 to 365 days.
- You can buy coverage for home care, nursing home care, assisted
living care and adult day care
- You can even buy insurance that returns the premium even if
you use the coverage. For example, if an insured contracts Alzheimer's
disease and has a lifetime policy for $200 a day, lives ten years
and dies, he or she would receive $730,000 in benefits. Despite
these payments, the full premiums paid will be returned tax free
directly to the insured's estate.
Each of these variables affects the premium, but the most important
factors affecting the premium are age and health. The older you
are when you buy the policy, the higher the premium. The healthier
you
are, the lower the premium.
We are proud to have available Long Term Care Insurance from
a number of very strong established providers:
- Allianz
- Assurity
- Genworth
- Great American
- John
Hancock
- Lincoln
Financial
- MedAmerica
- Metropolitan
Life
- Mutual of Omaha
- Prudential
Each
company
is
rated “A” Excellent or better by A.
M. Best and Company. We will help you pick the correct company
and plan
that fits your individual needs.
With these thoughts in mind, if you would like to hear more
about this kind of insurance, and what it might cost, we
would like
to help you learn. Go to the AFSA
LTC Coverage page to learn
about coverage
choices and options. Fill out our AFSA
LTC Quote Request Form. We will prepare a proposal for you and contact you
at your
convenience. We will be happy to answer any questions you
might have.
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