Group long term care makes a significant difference in lives of employees
Long term care is one of the most important issues your employees may have to face. The cost of care is expensive and expected to rise. When someone requires long term care, it is not only an emotional strain but a financial one as well, impacting retirement savings, financial position and the wealth your employees have worked so hard to accumulate.
Group long term care insurance can reduce both the emotional difficulty around make care decisions and the financial exposure that long term care can represent. A group long term care plan is an increasingly common benefit among employers, with a 793 percent rise from 1995 to the end of 2007.* Companies that provide group long term care policies realize the difference that this insurance can make in the lives of their employees. Simply put, employers who care about their employees care about group long term care insurance. And when seeking a trusted and respected name in group long term care, many employers throughout the U.S. turn to John Hancock.
Learn more about group long term care and John Hancock now
John Hancock – a leader in group long term care
As a leading financial services provider, John Hancock is also a leader among companies providing group long term care. With innovative products and, John Hancock has been selected to administer group long term care plans for some of the most prestigious companies and universities in the country. John Hancock has been named the sole carrier authorized to provide group long term care insurance through the Federal Long Term Care Insurance Program.
The benefits of group long term care
Group long term care insurance provides benefits to employees and employers alike:
For employees, group care insurance can:
- Help secure retirement savings by protecting against the high long term care cost.
- Retain independence in decisions concerning care rather than relying on family members or government assistance.
- Prepare for the unexpected by providing insurance not covered by other benefits.
For employers, group long term care insurance can:
- Enhance benefit packages by providing a voluntary benefit that offers coverage not found in medical or disability insurance.
- Increase productivity, by giving employees access to resources to help them manage long term care situations.
- Deduct contributions to long term care premiums as a business expense.
Learn more now about group long term care insurance and get a guide to long term care insurance, details about long term care planning, and other long term care information.
*LIMRA Reports, U.S. Group Long-Term Care Insurance Sales and In-Force, 1995 through 2007.
