The emotional and financial toll of caregiving—a burden that often falls on loved ones when no plan is in place—is something you likely witness and understand firsthand as a physician.
When you’re managing a busy medical practice, planning for your own long-term care needs can easily fall to the bottom of the list.
With nearly 70% of people turning 65 today expected to need long-term care at some point in their lives,¹ protecting your finances and easing the burden on your family is essential. Long-term care is also essential for those diagnosed with a critical illness
or anyone involved in a major accident, regardless of age.
Don’t Leave Your Care to Chance
As a member of the Cooperative of American Physicians (CAP), you can secure a unique group long-term care insurance program that includes life insurance, with special plan features like:
- Guaranteed Coverage: Up to $200,000 in long-term care benefits and $100,000 in life insurance—no health exams or questions.*
- Customizable Options: Increase coverage up to $450,000 in long-term care and $225,000 in life insurance with just a few simple health questions.
- Spousal Coverage: Available at 50% of the physician’s benefit. Conditional guaranteed issue maximum up to $75K, ages 19-70.
- Portability: Take your policy with you, even if you leave CAP, at the same rates.
- Affordable Group Rates: Better value than individual long-term care policies.
- Peace of Mind: For you and your family.
Why It Matters
- Rising Costs: Private nursing home care can cost nearly $10,000/month today—and over $30,000/month in 25 years.²
- Reliable Care: For those who may no longer have family to count on to provide care for them.
- Limited Coverage: Medicare and private health insurance typically don’t cover long-term care.³
- Self-Funding Isn’t Sustainable: Americans spend over $60 billion annually out-of-pocket for extended care.³
This unique long-term care policy can help protect your savings, ensure access to quality care, and relieve your loved ones from the burden of caregiving. With an easy and streamlined enrollment process, there’s never been a better time to plan ahead.
Contact Symphony Health to learn more!
Contact Symphony Health at 213-576-8530 or via email at HealthCareServices@SymphonyRisk.com
Or visit: www.CAPphysicians.com/LTC
*Guaranteed for Long-Term Care insurance on benefit amount of $200,000. Health questions asked for higher coverage amounts.
¹National Council on Aging: When Should You Start Investing in Long-Term Care Insurance? https://www.ncoa.org/article/when-should-you-start-investing-in-long-te…
²Genworth Cost of Care Survey 2023. https://www.carescout.com/cost-of-care (Cost of care can vary. Check your area for more specific projections.)
³Buddy Insurance: Understanding the Cost of Care in 2024 https://buddyins.com/learning-center/planning/understanding-the-cost-of…