For employers and brokers
Ten years to pay. A lifetime of coverage.
Funded over ten years. It pays whether care is ever needed or not.
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Long-term care costs employers whether they act or not: lost productivity, absenteeism, senior-leader attrition. A 10-pay plan funded entirely by employees eliminates the premium treadmill. Coverage is fully paid after ten years. If care is needed, it pays. If care is never needed, the full death benefit goes to beneficiaries.
Paid-up vs traditional long-term care insurance
| Feature | Traditional LTC | Paid-up (10-pay) |
|---|---|---|
| Premiums | Paid for life, and can increase over time | Paid for ten years, then none |
| If care is never needed | Standalone coverage typically pays nothing | A death benefit goes to beneficiaries |
| Premium changes | Rate increases are possible | Scheduled, then finished |
| Group underwriting | Varies | Guaranteed issue, no medical exams |
Most LTC planning forces a choice: pay for protection you may never use, or leave the risk unfunded. This pays either way.
One $250,000 policy. Three ways it pays.
If an employee needs long-term care, the policy pays them. If they do not, it pays their family.
Higher coverage is available. A $500,000 buy-up brings the total benefit to $1.5 million.
If they need long-term care.
The policy pays $10,000 a month, tax-free, for up to 50 months. Use it for home care, assisted living, or a nursing facility.
If they never need care.
The family receives the full $250,000 death benefit. Nothing is lost. The policy pays a benefit whether or not care is needed.
Illustrative, based on $250,000 of coverage. The structure shown is one available configuration; benefit amounts, durations, and pools vary by group, product variation, and state.
What it costs, illustrative
~$684/mo for ten years, then $0.
~$233/mo, continuing for life.
Higher monthly cost for a decade. Lower total cost if premiums would otherwise run for life.
Illustrative: 38-year-old electing $250,000 of coverage. Colorado-issued group policy, non-tobacco rates. Premiums vary by age, health, coverage, product variation, state, and group size.
Ready to see what this costs for your group?
Hollowtree handles enrollment end to end
- Voluntary enrollment, no payroll deductions
- Off-cycle enrollment windows
- Full administrative support
- Guaranteed-issue underwriting, no medical exams
- Employee education and outreach
- Flexible implementation timeline
Underwritten by Transamerica Life Insurance Company. A+ rated by S&P Global. Hollowtree is a licensed insurance producer (CT DOI #3002548188), not an insurance carrier.
Common questions about paid-up long-term care
The paid-up structure is contractual, conditioned on paying all scheduled premiums in full during the ten-year pay period. After that, no further premiums are due.
Premiums stop and the coverage continues for life, subject to the policy's terms.
Yes. It is life insurance with a long-term care benefit, so it pays a long-term care benefit if care is needed and a death benefit to beneficiaries if it is not.
It varies by age, health, coverage amount, state, and group size. As an illustration, a 38-year-old electing $250,000 of coverage pays about $684 a month for ten years, then nothing.
Availability varies by state and group. A state-specific illustration is provided before any application.
Transamerica Life Insurance Company. Hollowtree is the licensed broker and handles enrollment.
See illustrative pricing.
Use our group LTC calculator to see age-specific premiums for 10-pay and lifetime plans. No forms, no contact info required.
Request a briefing.
Book a 15-minute overview with a Hollowtree specialist. No forms, no obligation.
Illustrative figures only. Not an offer of insurance, a quote, or a contract. Coverage is available through a Hollowtree-administered group plan and is subject to eligibility, state of issue, group size, and carrier underwriting. Guaranteed-issue amounts vary by group size and carrier. The paid-up guarantee is contractual and conditioned on paying all scheduled premiums in full during the ten-year pay period; subject to policy terms. Underwritten by Transamerica Life Insurance Company. Hollowtree is a licensed insurance producer (CT DOI #3002548188), not an insurance carrier.