If you’re looking for a comprehensive long-term care insurance policy, look no further than Brighthouse SmartCare. This hybrid policy offers protection through two different means.
At its core, Brighthouse SmartCare is an index universal life insurance policy with specific emphasis on the Long Term Care Insurance Rider and Extension of Benefits Rider. This unique combination provides a host of benefits that make it stand out from other policies in the market.
One of the key benefits of Brighthouse SmartCare is its guaranteed long-term care payments. The policy also offers a guaranteed death benefit and premiums, giving you peace of mind knowing that your future is secure.
How does Brighthouse SmartCare work?
The policy pays out a portion of the life insurance death benefit as a tax-free long-term care payment to you. This means that when you’re in need of monthly reimbursement for long-term care, the policy begins to pay out the death benefit.
You also have the option of linking your policy to an index or indices, which can grow your long-term care benefit pool over time while also providing protection during market downturns.
For example, a male aged 65 can deposit $100,000 into the policy, and immediately Brighthouse SmartCare leverages it into $235,540 in long-term care benefits. By year five, the monthly benefit amount is $3,508 a year, which begins to grow at the 6% S&P cap rate. By year 15, the funds have grown to a staggering $5,714 per month in benefits.
Additional policy features and benefits
In addition to its guaranteed long-term care payments, Brighthouse SmartCare also offers several other benefits. These include a lapse prevention provision that guarantees your policy will never lapse as long as the required premiums are paid. The policy also provides a terminal illness benefit, which pays out 50% of the death benefit if you’re diagnosed with a terminal illness and are expected to live less than a year.
You can also take a loan against your policy at any time, and surrender value is available for the full amount of cash in the policy.
Why choose Brighthouse SmartCare?
If you’re looking for a long-term care insurance policy that provides comprehensive protection, Brighthouse SmartCare is an excellent option. Its unique combination of an index universal life insurance policy, Long Term Care Insurance Rider, and Extension of Benefits Rider offer unmatched benefits and protection.
Additionally, Brighthouse SmartCare is highly customizable, allowing you to choose the long-term care coverage option that’s right for you, as well as the benefit period and premium schedule.
Overall, Brighthouse SmartCare is a great choice for anyone looking to secure their future and protect themselves from the high costs of long-term care. Contact us today to learn more about Brighthouse SmartCare and how it can benefit you.