Long-Term Care Insurance: Shared-Care Benefit Rider

IMPORTANCE RATING: 2

This long-term care insurance rider allows couples who are insured with the same insurance company to use one another's benefits. For example, if a couple purchases limited benefit policies, and one insured goes on claim and depletes their benefits but still requires care, this rider would allow them to access the benefits of the other insured's policy.

RECOMMENDATION: We recommend first considering the unlimited benefit maximum. Following this recommendation negates the need to spend extra money on the shared care rider.

However, for couples who are over 65 and cannot afford the unlimited benefit maximum, this rider may be a good value.