A Reliable, Tax-Free Solution To Help You
Confidently Cover the Costs of Long-term Care

INCOME YOU CAN COUNT ON,
WHEN YOU NEED IT MOST

A Reliable Insurance Plan

I need long-term care insurance, but I'm afraid I've waited too long and now can't qualify.

Are you or a loved one age 65 or older in need of long-term care (LTC) insurance but can’t qualify for it?

The average yearly cost for long-term care in the United States ranges from $24,455 for services in an adult day health care center to $83,580 for a private room in a nursing home.*

Where does the money come from to pay for care? Is it from your savings? Do you sell off family assets? Or does the financial responsibility rest on family members? With the cost of care being so high, coupled with increased longevity, outliving your money is a real concern.

*U.S. Department of Health and Human Services, 2010 Costs of Care, LongTermCare.gov (2/21/2017).

Important Reliable Living Plan Benefits

Flexible Benefit Options
In exchange for a lump-sum premium, you can choose to receive lifetime monthly benefits of as little as $1,000 or as high as $12,000**. Your premium amount, along with your overall health status, determines your monthly benefit.

Benefits Are Designed To Be Free from Federal Income Tax
If you’re paying for long-term care expenses out of pocket, you likely have paid taxes on those same dollars. By purchasing the Reliable Living Plan, your benefits are tax free in most cases* and can be used to pay for qualified care.

Benefits Follow You
If different care or services are needed later, your Reliable Living Plan benefits will be available, as long as your health remains impaired.

There Is No Maximum Age
You can apply for Reliable Living Plan benefits if you are 65 years old or older.

There Are No Pre-existing Health Exclusions
Unlike traditional long-term care insurance, where you must be in relatively good health to qualify, you can qualify for Reliable Living Plan benefits if you are experiencing chronic impairment, demonstrated by either the inability to perform two of six activities of daily living (ADLs)—bathing, dressing, eating, transferring, toileting, or continence—or a severe cognitive impairment.

Relieve the Stress on Loved Ones
Help alleviate the financial, emotional, and physical burden on family members who may be providing assistance. Let your time together be quality time.

Neither Americo Financial Life and Annuity Insurance Company, nor any agent representing Americo is authorized to give legal or tax advice. Please consult a qualified professional regarding the information and concepts contained in this material and taxation as it applies to you.

*Under current IRS rules, benefit amounts that are in excess of the greater of (1) the stated per diem dollar amount allowable under section 7702B or (2) the actual dollar amount of qualified long-term care expenses, are taxable.

**Annual certification of chronic illness required to continue benefit payments.

Not Your Traditional Long-Term Care Insurance

  • No ongoing premium commitment: A one-time payment funds your long-term care insurance policy.
  • Immediate monthly benefits: Receive your first payment after 30 days. No receipts required; not a reimbursement plan.
  • Simple, online application and underwriting process: It just takes minutes, no invasive medical testing. The application is subject to approval by the company.
  • No pre-existing health condition limitations: Benefits when you need them most.
  • Tax-free long-term care benefits.*
  • Lifetime payout:** Benefits continue as long as you are receiving qualified long-term care services and certified as having a chronic illness.

Neither Americo Financial Life and Annuity Insurance Company, nor any agent representing Americo is authorized to give legal or tax advice. Please consult a qualified professional regarding the information and concepts contained in this material and taxation as it applies to you.

* Under current IRS rules, benefit amounts that are in excess of the greater of (1) the stated per diem dollar amount allowable under section 7702B or (2) the actual dollar amount of qualified long-term care expenses, are taxable.
** Annual certification of chronic illness required to continue benefit payments.

Policy Summary

  • The Reliable Living Plan has been designed as a tax-qualified long-term care insurance policy under Section (7702B) of the Internal Revenue Code. It is not an annuity.
  • To be eligible, you must (1) be age 65 or older and (2) have been certified in the last 12 months at the time of application as chronically ill with either the inability to perform two of six ADLs or having severe cognitive impairment.
  • Monthly benefits are payable regardless of where qualified services are provided in the United States. Options include assisted living community, memory care, nursing home, adult day care center, or at home through medical and non-medical services.
  • Monthly benefits are payable until death, as long as the insured is chronically ill and receiving qualified services. If you recover, monthly benefit payments are suspended until you are recertified as chronically ill.
  • To remain eligible to receive benefits, you must qualify annually by providing a certificate of chronic illness.
  • You are given a 30-day “free-look period” to review the Reliable Living Plan policy. Monthly benefits begin once this 30-day free-look period has expired.
  • Should you die within six months of the effective date of coverage, the single premium paid, less any premium taxes and benefits paid, will be paid to the loved one you designate. If you die outside the six-month period, no return of premium or death benefit will be paid.
  • Reliable Living Plan is individually underwritten.
  • You fund the policy through a single premium payment.
  • The policy cannot lapse and cannot be cancelled outside of the 30-day “free-look period.”
ICC17-600-WEB-AD-1 (10/17)
17-603-1