1051376-00001-00 Ed. 09/2021 ISG_CO_ILI104_01
The situation presented is hypothetical and not representative of any particular client. A chronic or terminal illness rider is an optional rider that can accelerate the life insurance death benefit when the insured is terminally ill or is chronically ill as defined in the rider. Electing the rider results in an additional charge and underwriting requirements. This rider is not Long-Term Care (LTC) insurance, and it is not intended to replace LTC. To qualify for chronic illness benefits, you (the insured) must be certified as chronically ill by a licensed health care practitioner. For chronic illness benefits to continue beyond one year, recertification by a licensed health care practitioner is required. Benefits received under the rider will reduce and may deplete the death benefit. The rider may not cover all of the costs associated with chronic or terminal illness. It is a life insurance accelerated death benefit rider and is generally not subject to health insurance requirements. Some benefit payments may be subject to a fee. Other terms and conditions apply and can vary by state. Please consult your tax and legal advisors before initiating a claim. Life insurance is issued by Pruco Life Insurance Company (except in NY), and Pruco Life Insurance Company of New Jersey (in NY). All are Prudential Financial companies located in Newark, NJ. All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any clients or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing a client’s retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional. We do not provide tax, accounting, or legal advice. You should consult your own independent advisors as to any tax, accounting, or legal statements made herein. Our policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. \A financial professional can provide you with costs and complete details. © 2021 Prudential Financial, Inc. and its related entities.
ACCESSIBILITY
How could she help to ensure that her children and grandchildren would not have to sacrifice or miss anything if she ever needed care?
Meet Stella
She Takes Action
The Unexpected Happens
Foresight Brings Relief
Who's Your Rock?
Caring and compassionate, Stella took care of her father after his stroke a few years ago. She moved him into her home so she could help him out of bed in the morning, get him changed and bathed, and feed him breakfast before leaving him in the care of an aide while she went to work. It was a struggle, but she managed. Although she had to abandon her gardening and poetry, she was comforted by her two corgis.
Stella was grateful that she could care for her father but wondered what her family would do if she were ever in the same position. When she missed her grandson Jake’s kindergarten play because the aide had car trouble, she heard the disappointment in his voice on the phone. But her daughter reassured her, “Mom, you’ve always been there for us, and now Grandpa needs you. It’s OK.”
Ingrid recommended that, since Stella wanted to provide for her family after her death, she could add a chronic illness rider to a permanent life insurance policy from a Prudential carrier. The rider would allow Stella to access the death benefit if she ever became chronically or terminally ill and met the terms of the rider.
When Stella met with Ingrid, her financial professional, to review her financial plan, she raised her concerns about one day needing care like her father did. She explained that she didn’t want to burden her children.
Eight years later, Stella was diagnosed with breast cancer. Because she had to have surgery and intense chemotherapy, she needed assistance with daily living while undergoing treatment. Her son and daughter were ready to drop everything to care for her. After a lifetime of their mother taking care of them, now the one they always turned to, their rock, needed help. But Stella didn’t want them to disrupt their lives.
Receiving care, without making her children uproot their lives, allowed Stella to focus on her recovery. Whenever friends came to visit, she insisted they speak to Ingrid about how life insurance can help during times of chronic illness. Today, she’s in remission and doing well under the watchful eye of her beloved corgis.
Thanks to her chronic illness rider, Stella accessed her life insurance policy’s death benefit to pay for in-home care and to send plane tickets to her children and grandchildren so they could visit. Spending time together did them all good.
Contact your financial professional today to get the life insurance protection you need.
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