CASH-FirstSM

An innovative product designed to cover the “progression of care,” from home-based care to facility.

 

CASH-FirstSM
Maximum Lifetime Benefit
  • $50,000 to $500,000 (in $25,000 increments) or
  • Lifetime
Maximum Monthly Benefit
  • $1,500 to $9,000
Cash Benefit
  • 40% of home health care maximum monthly benefit
  • Option to increase to 50%
Elimination Period (Calendar day)
  • 0, 30, 60, 90, 180, 365 days
  • Cash benefit - 0 days
Inflation Protection Options
  • Lifetime (5% compounded annually)
  • Lifetime (5% simple)
  • 20 years (5% compounded annually)
  • 2x, 3x, 4x maximum increase (5% compounded annually)
  • Compound Inflation with Guaranteed Buy-up Option (4.5%, 4%, 3.5%, 3%)
  • No inflation protection with future purchase option
Optional Benefits
  • Spouse shared care
  • Spouse waiver of premium
  • Spouse survivorship
  • Spouse security
  • Non-forfeiture shortened benefit period
  • Premium payment options
  • Extended Rate Guarantee (6-10 years)
  • Return of Premium
Premium Allowances
  • Spouse (35%)
  • Preferred (15%)
  • Married (15%)
  • Two-person household (10%)
  • Association Group (5%)
  • Medicare supplement (5%)
  • Producers (5%)

Benefits and features may vary by state.

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