Shared Care
Shared care is a Long-Term Care Insurance option that allows couples to share insurance benefits.
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The shared care rider is a popular option for couples, allowing spouses to use the other's unused Long-Term Care Insurance benefits. This option is available to spouses or domestic partners who buy policies with identical benefits.
Some Long-Term Care Insurance contracts with shared care riders create a third pool of money. Both spouses have equal access to this third pool of money if either exhausts all the benefits of their original policy.
Other contracts may allow couples to share each other's benefits. When one spouse or partner passes away, the premium disappears, and 100% of the unused benefits go to the survivor.