Long-term care is an increasingly important piece of retirement planning.
The U.S. Department of Health and Human Services has calculated that approximately 70% of people who reach age 65 will require long-term services and support longer than three years.
Long-term care insurance is designed to pay a benefit to help defray the rising costs of services that are more and more necessary for an aging population.
Exelixis has partnered with ABD Insurance to offer a discounted and simplified-issue voluntary long-term care insurance program to Exelixis employees across the United States.
HERE'S HOW IT WORKS:
Our long-term care insurance expert will reach out with an opportunity to review the options available in your state and help you decide on the right policy that fits your needs and your budget.
You can submit a drop-ticket application whenever you are ready. Instead of a 50 page PDF application, you only have to complete a simplified version of the application that typically takes 10 minutes or less.
3. Review and e-sign your application
Your information will be securely transferred to a Transamerica long-term care application which requires an e-signature.
4. Receive an underwriting decision
The streamlined underwriting process waives the need for a telephone interview, a face-to-face exam, and a physician statement. That means you should receive an underwriting decision in a week or less!
1. REQUEST MORE INFO
Long-term care services really vary based on the type of care required.
Nursing facility services can be as high as $12,000/month. Assisted Living costs around $8,000/month in many regions. And homecare services (assuming $30/hr for 40 hours per week) can cost approximately $5,000/month.
It makes financial sense to insure all, or a portion, of these expenses. A healthy 50-year-old male in California can secure a benefit pool of $219,000 ($6000/month for 36 months) for as low as $173/month.
We invite Exelixis employees to request a customized quote. The following form will generate a response from your LTC expert. From there you will have a chance to review a series of options for your personalized LTC plan.
2. SUBMIT A DROPTICKET
The following form will generate a formal application that requires an e-signature. You can expect the Docusign request to appear in your inbox within one business day.