What if preparing for long-term care didn’t mean paying for something you may never use?
A long-term care need can affect more than healthcare. It can put pressure on retirement income, savings, family, and the flexibility you worked years to build.
Veyl helps you look at long-term care as part of the bigger retirement picture — including strategies that may provide care protection while still giving your money another purpose if care is never needed.
No obligation. Educational first step. You stay in control of what happens next.
If care becomes part of the picture:
If you needed care tomorrow, who would your plan depend on?
Protect the retirement you built
You spent decades creating the life you wanted in retirement. A care need shouldn’t automatically mean dismantling the plan to pay for it.
Protect your spouse and family
Your family may always want to help. The question is whether you want their love and support — or their time, income, and financial future — to become the plan.
Keep the decisions yours
Planning while you’re healthy can give you more choices about how care is funded, where it happens, and what happens to the assets you worked to build.
The goal isn’t to plan for the worst. It’s to make sure the people you love don’t have to become the plan.
What if the money you set aside for care could still have a purpose if you never needed care?
Traditional long-term care coverage is primarily designed around helping pay for qualifying care. But some annuity-based long-term care strategies can allow the same pool of money to serve more than one role.
Help pay for care
If a qualifying long-term care need occurs, certain strategies can provide additional benefits to help cover those costs.
Keep value if care is never needed
If long-term care is never needed, the money may still retain contract value rather than existing solely as coverage you either use or don’t use.
Leave something behind
Depending on the product and how benefits are used, remaining value may be available for beneficiaries.
The same dollars may serve different purposes depending on what life brings.
Help pay for care
Certain annuity-based strategies may provide enhanced benefits for qualifying long-term care expenses.
Value may remain
Depending on the contract, value may remain available for other purposes.
Something may still go to your family
Remaining contract or death-benefit value may be available to beneficiaries, depending on the product and how benefits were used.
Illustrative concept only. Benefits, access to contract value, guarantees, long-term care provisions, and beneficiary value vary by product and contract.
The right strategy depends on what you want the money to do.
Understand the role of the money
Is this money mainly for care, retirement income, legacy, flexibility — or some combination?
Compare the tradeoffs
Look at traditional coverage, hybrid strategies, annuity-based options, and what each approach gives up or preserves.
Build around your priorities
The goal is to choose a structure that fits the life you’re actually trying to protect.
A few things people usually want to understand first.
Is an annuity the same as long-term care insurance?
No. An annuity and traditional long-term care insurance are different products. Certain annuities can include long-term care benefits or riders while the annuity itself can continue serving other purposes.
Why would someone use an annuity for long-term care planning?
For some people, the appeal is that the money can potentially serve more than one purpose.
What happens to the money if I never need long-term care?
That depends on the specific annuity, but an annuity may still have contract value if long-term care benefits are never used.
Can money still go to my family?
Depending on the annuity and how much of its value or benefits have been used, remaining value may be payable to beneficiaries.
Does Medicare cover long-term care?
Medicare can cover certain limited skilled-care situations when its requirements are met, but it generally does not cover ongoing custodial long-term care simply because someone needs help with daily activities.
Give yourself more choices while the decision is still yours.
Long-term care planning isn’t about assuming something bad will happen. It’s about deciding how you want your savings, income, and family protected if life changes later.
See How Long-Term Care Could Fit My Plan