Long Term Care
We are pleased to announce that Long Term Care Insurance1
is available for our members. The product that we are offering is Custom Care III with Benefit
Builder from John Hancock Life
Insurance Company. SECU members will be eligible for a
special premium discount as part of a sponsored group program. Applications for coverage are individually underwritten with age and health considerations being important factors
used for rate determinations and approval decisions. Please contact SECU Insurance Services for more information.
What is long term care?
An injury, illness or the effects of aging could result in someone becoming unable to provide for their own personal care. The care
needed may be temporary or permanent and could involve skilled nursing, rehabilitative or custodial care. Assistance with the activities of daily living is considered
custodial care. The possible need for long term care increases with advancing age, but the need could occur at any age. The cost for receiving long term care can be very
expensive. Most health insurance plans and Medicare do not cover long term care costs.
Why purchase Long Term Care insurance?
A sound financial plan should include consideration of potential long term care needs. Provided premiums are affordable,
one should consider purchasing Long Term Care insurance to help protect assets and income, to remain independent of support from others and maintain freedom to choose the quality
of care desired.
Please review the Insurance Services brochure
for more information. To get a coverage quote or to
initiate application processing, please contact an insurance representative
. Our insurance representatives are
licensed to sell insurance in North Carolina only.
1 Auto, homeowners, other personal lines of insurance, immediate annuities, deferred annuities, and term and whole life insurance are available through your
local branch. These products along with health insurance and long term care insurance are available through SECU Insurance Services. SECU Insurance representatives are
licensed to sell insurance in North Carolina only. You can contact an SECU Insurance representative toll free at 1-888-732-8562 or locally in Raleigh at 919-857-2150
Monday - Friday from 8:00 am to 5:30 pm.