Company Profile. (800)

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New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. New York Life’s family of companies offers life insurance, annuities and long-term care insurance. New York Life Investment Management LLC provides institutional asset management, retirement planning and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

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New York Life Insurance Company offers both a Comprehensive Long-Term Care Insurance Policy and a Nursing Facility and Residential Care Facility Only Insurance Policy approved for use by the California Partnership for Long-Term Care. Both policies are intended to be federally tax qualified and as such have benefit eligibility triggers which include having a deficiency in 2 of 6 Activities of Daily Living (bathing, continence, dressing, eating, toileting and transferring), with that deficiency expected to last at least 90 days, or having a severe cognitive impairment.

Full coverage is available in the United States and its territories.

(800) 224-4582 www.newyorklife.com

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1 year 2 years 3 years 4 years Lifetime

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$180/day $1,159 $1,781 $2,230 $2,552 $4,030

$200/day $1,288 $1,979 $2,478 $2,836 $4,478

$220/day $1,417 $2,177 $2,726 $3,119 $4,926

1 year 2 years 3 years 4 years Lifetime

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$180/day $1,427 $2,192 $2,744 $3,139 $4,932

$200/day $1,585 $2,435 $3,049 $3,488 $5,480

$220/day $1,744 $2,679 $3,354 $3,837 $6,028

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For simplicity of use, these estimated cost comparisons are based on policies with 30-day elimination periods (deductibles) and comprehensive coverage that includes home care services, residential care facilities and nursing homes.

age 45

age 50

1 year 2 years 3 years 4 years Lifetime

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$180/day $1,886 $2,889 $3,624 $4,145 $6,459

$200/day $2,096 $3,210 $4,027 $4,605 $7,177

$220/day $2,305 $3,531 $4,430 $5,066 $7,895

1 year 2 years 3 years 4 years Lifetime

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$180/day $2,285 $3,492 $4,389 $5,015 $7,742

$200/day $2,539 $3,880 $4,876 $5,572 $8,602

$220/day $2,793 $4,268 $5,364 $6,129 $9,462

Company Profile Company Profile

For simplicity of use, these estimated cost comparisons are based on policies with 30-day elimination periods (deductibles) and comprehensive coverage that includes home care services, residential care facilities and nursing homes.

age 60

age 55

1 year 2 years 3 years 4 years Lifetime

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$180/day $2,938 $4,480 $5,638 $6,436 $9,839

$200/day $3,265 $4,978 $6,265 $7,151 $10,933

$220/day $3,591 $5,475 $6,891 $7,866 $12,026

1 year 2 years 3 years 4 years Lifetime

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$180/day $3,920 $5,968 $7,519 $8,580 $13,041

$200/day $4,356 $6,631 $8,355 $9,533 $14,490

$220/day $4,791 $7,294 $9,190 $10,487 $15,939

Company Profile Company Profile

For simplicity of use, these estimated cost comparisons are based on policies with 30-day elimination periods (deductibles) and comprehensive coverage that includes home care services, residential care facilities and nursing homes.

age 65

age 70

Policy Assumptions:

• All premiums are annual and include 5 percent compound inflation

• Comprehensive policy with a 30-day elimination period

• 100 percent nursing home, residential care facility and home care coverage

• Standard premium rates with no discounts

• Estimated for a single (not married) individual

Possible Riders:

• Nonforfeiture Benefit Rider

• Shared Care Benefit Rider

• Survivorship & Waiver of Premium Benefit Rider

• Waiver of Home Health Care Elimination Period Rider 1 year 2 years 3 years 4 years Lifetime

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$180/day $5,825 $8,895 $11,248 $12,849 $19,472

$200/day $6,473 $9,884 $12,498 $14,276 $21,635

$220/day $7,120 $10,872 $13,748 $15,704 $23,799

Nursing Home: A nursing home is licensed to provide both skilled nursing and personal care. These facilities house the chronically ill, usually elderly patients, and provide long-term nursing care, rehabilitation and other services. Also called long- term care facility or nursing facility.

Residential Care Facility for the Elderly or Residential Care Facility (RCF): These facilities provide room and board, assistance with personal care and any necessary supervision. They range in size from small, two- to six-bed “mom and pop” operations to facilities with over 200 living units. They are licensed by the California Department of Social Services.

Elimination Period: A type of deductible; the length of time the individual must pay for covered services before the insurance company will begin to make payments. The longer the elimination period in a policy, the lower the premium.

Home Care: Skilled nursing or other professional services in the residence, including, but not limited to, part- time and intermittent skilled nursing services, home health aid services, physical therapy, occupational therapy, or speech therapy and audiology services, and medical social services by a social worker.

Facility-Only Policies: These policies cover skilled, intermediate or custodial care in a nursing home or similar facility. These policies also pay for board and care in an RCF.

Comprehensive Long-Term Care Policies: These policies pay for nursing facility care, board and care in an RCF, and home- and community- based care. These policies must include at least the following benefits:

a nursing facility benefit, RCF benefit, home health care, adult day care, personal care, homemaker services, hospice services and respite care.

For simplicity of use, these estimated cost comparisons are based on policies with 30-day elimination periods (deductibles) and comprehensive coverage that includes home care services, residential care facilities and nursing homes.

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Important Definitions:

age 75