LTC coverage option added to UL policy

The reasons people buy life insurance policies are numerous and varied. Innovative life insurance carriers recognize that and work to make their policies fit the needs of a changing world. The U.S. division of Sun Life Financial has done that with its Universal ProtectorPlus policy.

A long term care rider means life insurance purchasers, on policies of $250,000 and more, can receive valuable long term care coverage whether they are confined to a nursing home or receiving care at home.

The enhanced version of Sun Universal ProtectorPlus now has the following benefits and options:

• Reduced premium pricing of 3 percent to 8 percent for non-tobacco issue ages 35-65.
• No limitations on the Accelerated Death Benefit (access to up to 75 percent of base policy amount in the event of a terminal illness).
• Optional Long Term Care rider, with benefits up to $20,000 per month for up to 50 months. The rider accelerates the death benefit to provide LTC coverage.
• Extended Charitable Giving Benefit rider, on policy amounts of $100,000 or more. It provides the insured's designated charity with a gift of 1 percent of the death benefit amount, over and above the policy's death benefit.

For further information, visit www.sunlife-usa.com