VAT no. 04079600047
ALLIANZ LONGEVITY CARE OFFERS A LIFETIME MONTHLY INCOME IN CASE OF LOSS OF SELF-SUFFICIENCY, TO HELP YOU COVER THE COSTS OF HOME SUPPORT OR ADMISSION TO A SPECIALIZED HEALTHCARE FACILITY. IN ADDITION, IT PROTECTS YOU WITH THE ASSISTANCE YOU NEED AT HOME, WHILE AWAITING MEDICO-LEGAL ASSESSMENTS.
Why choose Allianz Longevity Care
PROTECTION FOREVER
PROTECTION FROM THE START
CUSTOMIZED PROTECTION
Offers the insured a lifelong monthly annuity, revalued every year1, to help you cope with loss of self-sufficiency
Provides Integrated Home Care Services2 while awaiting medico-legal assessments for the recognition of non self-sufficiency, regardless of their outcome.
You can choose the amount of the annuity you would like to receive in case of loss of self-sufficiency. You can also decide the duration of the premium payments: for life or for a limited period of 10, 15, 20, or 25 years.
What is meant by a non self-sufficient person?
Consequences, perspectives and expenses
Allianz Longevity Care is the long term care policy that protects you and your family, because it guarantees you a monthly income to help you cover the costs of home care or admission to a specialized facility, in case you are no longer able to independently perform 4 out of 6 normal daily activities: getting up, dressing, moving, eating, washing, and taking care of physiological needs.
- A person who is not self-sufficient needs assistance 24 hours a day and the impact on the family is significant.
- The public system only covers part of the expenses3, which on average can amount to 1,600 euros per month for a caregiver4 and exceed 4,000 euros per month for a quality private facility5 .
The extra advantage
With the long term care insurance you can deduct 19% of the premiums from your taxes and the revaluation of the annuity is exempt from any taxation.
Why choose a long term care policy?
Roberto, 50 years old, chooses Allianz Longevity Care Premium of 135 euros per month. At 70, he is no longer self-sufficient. Allianz grants him an initial lifetime annuity of 3,000 euros per month, which will be revalued over the years, useful to cover the expenses he will have to bear.
Stefano, 50 years old, chooses to save independently. He sets aside 135 euros per month for emergencies. At 70, he is no longer self-sufficient. The money set aside is about 48,000 euros6, equivalent to an annuity of about 3,000 euros per month that will only be enough to cover expenses for about a year and a half7.
CAN WE HELP YOU?
Contact us and request assistance on any product offered. A qualified agent will be at your disposal to answer all your questions.
Note
1The amount of the Annuity initially agreed upon is revalued both during the premium payment phase and during the annuity disbursement phase. The yield attributed during the annuity disbursement phase is equal to the result of the VITARIV Separate Management declared by November 30 of each year, certified and published on the Company's website, decreased by a value, called retained yield, equal to 1.2%, increased by 0.01 percentage points for every tenth of a percentage point of yield above 5% achieved by the VITARIV Separate Management. The revaluation will be attributed to contracts in payment starting from January 1 of the following year. The annual revaluation rate of the Annuity is obtained by discounting for a period of one year at the technical rate of 0.5% the difference between the yield attributed to the Annuity and the aforementioned technical rate already included in the calculation of the initial Annuity. In any case, the annual revaluation rate of the Annuity cannot be negative and therefore the annual revaluation of the annuity attributed to the contract remains definitively acquired (Annual consolidation).
2Integrated Home Care is provided by ALLIANZ GLOBAL ASSISTANCE for a maximum period of 120 consecutive days, non-divisible and in any case not beyond the date of ascertainment of the state of non-self-sufficiency. The service is offered only once per contract.
3The availability of services depends on the different local realities. Source: elaboration on "ASSISTANCE TO NON-SELF-SUFFICIENT ELDERLY IN ITALY - 6th Report - 2017/2018 - The time for answers. Edited by NNA - Network Non Autosufficienza."
4Caregiver level D Super with night assistance, professional diploma or specific certificate. The minimum wage amounts to €1,601.09 per month, excluding board and lodging allowances, and the thirteenth month (Level D Super Assistant for non-self-sufficient people. Performs assistance tasks for non-self-sufficient people, including, if required, activities related to the needs of food and cleaning of the house where the assisted persons live). Source: https://assindatcolf.it/informazioni-tecniche/tabelle-retributive/
5Estimated cost of a private facility specialized in the management of non-self-sufficient patients.
6Annual yield hypothesis: Rendistato index for April 2024, equal to 3.613% per year calculated by the Bank of Italy, as the weighted average yield of a basket of government bonds. The projection for the investment is over a 20-year time horizon. The calculation of the coverage period is based on the amount after 20 years divided by the monthly annuity amount. The amount of the financial investment is gross of taxation.
7Allianz estimate.
The benefits may include deductibles and/or excesses in the event of a claim, limitations and/or exclusions.
Warning
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INFORMATION SETS
P.iva 04079600047