When looking for a new job, people want competitive pay, flexible hours, and top-of-the-line benefits to complement their lifestyle. In some instances, voluntary benefits can be a make-or-break factor when individuals consider signing an offer with a company.
As a business, it's your job to provide a competitive benefits package employees can benefit from in their current lives and beyond. That's where the long-term care (LTC) rider comes into play.
LTC products, designed to protect employees from the negative effects of chronic illnesses, have been a popular choice since the 1990s. Long-term care allows the leveraging of life insurance funds for medical treatments.