The average professional baseball career last only 5.6 years with only a hand full playing ten or more years.  When retirement hits the average American or retirement hits a former professional athlete we all will have to face the possibility if needing Long Term Care in our retirement after the fans are gone, the stadium is empty and the light are out.

When you get to a place in your life when you need to start planning your finances for post-retirement, it’s good to know all of your choices. Many people are unaware that you are able to get multiple benefits combined into one product. This is called a hybrid policy, or SecureCare if you purchase through Securian or Minnesota Life.

Securian offers a long-term care hybrid policy that has many options you can choose from to tailor your policy to be beneficial to your life and is ideal for professional athletes because they can use a small portion of their signing bonuses to check this financial planning box so they will be all set if their concussions turn into dementia later in life. If you have never heard of this type of policy, it is much different from a basic life insurance policy. Think of it as a “bundle” rather than a single policy.  It’s called asset based or hybrid long term care insurance.

If you are unsure about your options or eligibility, you can submit a form with your information and request a custom proposal from the company. They will use the information your provided with your requests and needs and show you the options and features you can choose from.

All companies products can differ slightly, but one thing Securian has is flexibility, freedom for their clients. They also guarantee 3 things: that your long-term care will be covered, your beneficiaries will receive the money, in the event that you do not end up needing your long-term care, and the option to get a refund of your premiums if you change your mind.

The flexibility this policy provides is extremely beneficial for unknown circumstances. You can customize your coverage in a few different ways. One of them being to receive a monthly acceleration of your death benefit for up to 3 years. You can also add an extension of long-term care benefits up to 7 years. This policy also protects you from rising costs, whereas most simple life policies have unpredictable premiums.

They also give you freedom, the freedom to choose how you receive your long-term care. Some of these options are: adult daycare, home modification, informal care, assisted living, caregiver training, hospice, nursing home care, bed reservation, home health care, household services, respite care, and benefits outside the U.S.