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LifeSecure Long Term Care Insurance Review

Rating: 5.5 / 10 (Average)
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LifeSecure is a long term care provider and wholly owned subsidiary of Blue Cross Blue Shield of Michigan. The company offers coverage for a variety of long term care services including home care, assisted living facilities, nursing home and informal care. It offers flexible benefit options that allow policy holders to determine their monthly benefit amount.


LifeSecure premiums for long term care insurance are based on a policy holders' target benefit bank amount. This refers to the maximum amount available for long term care. Benefit bank amounts range from $100,000 to $1,000,000.


Plans Available





Non-tax qualified policies


Tax qualified policies




Types of Care Covered

Home care

Assisted living facility

Nursing home

Hospice home facility

Adult day care facility


Flexible Benefit

Informal care can be covered under the flexible benefit option. This can cover long term care services by friends or family members. Up to 50% of your monthly benefit could be used for informal care.



Standard Features

  • Flexible benefits
  • Guaranteed Future Purchase offers
  • Benefit wait period (90 calendar days)
  • International coverage benefit
  • Waiver of premium (upon eligible claim)
  • Spouse discount

Once members become eligible for benefits, long term care costs are reimbursed monthly based on your benefit bank.  This represents the total amount available to you. Monthly benefits are flexible and policy holders are able to determine their monthly benefits by multiplying the amount in their benefit bank with your access percentage (1%, 2% and 3%). Benefit Bank amounts from $100,000 to $1,000,000.

Sample computation:

$300,000 (Benefit Bank) X 2% (Access percentage) = $6,000 (Monthly Benefit)

Note: Unused Monthly benefit amounts do not roll over or accumulate month to month; however, all unused benefit amounts will remain in your overall Benefit Bank balance.

Optional Riders

  • Compound inflation benefits
  • Money back promise
  • Non-forfeiture benefit
  • Shared care

Financial Rating

A.M Best A-


LifeSecure Long Term care insurance gives seniors and their families better flexibility in choosing long term care services. It allows policy holders to determine their monthly benefit amount for the type of long term care provided. LifeSecure offers a variety of optional riders designed to ensure that your benefits are able to cope with future inflation and medical care costs. A good choice for long term care insurance, especially those searching for strong long term care benefits.

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Customer Comments & Reviews

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jonathan t
Spring, Texas
An absolute fantastic company. Nobody gets a policy out faster or responds quicker to needs.

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9.8 / 10
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