Long-term care

Fidelity makes available long-term care (LTC) solutions from Massachusetts Mutual Life Insurance Company (MassMutual) and New York Life Insurance and Annuity Corporation (New York Life).

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See how these policies can fit your needs

Fidelity makes available a long term care solution from Massachusetts Mutual Life Insurance Company (MassMutual).


For more information on what is available in your state, please call 866-489-0963 to speak with a Fidelity financial professional.

New York Life Asset Flex combines long-term care (LTC) and universal life insurance benefits into one policy. The coverage provides a pool of long-term care insurance benefits, and a death benefit. If you never need long-term care, the policy will pay a death benefit to your beneficiaries, or you can cancel the policy at any time and receive the policy surrender value.

  New York Life Asset Flex1

Type of life insurance

Universal life insurance

Minimum premium (may vary)

$10,0002

Payment options

Pay once, or spread it out over 5 or 10 years3

Age of availability

30–69

Long-term care coverage

2–7 years; you choose

Additional features and benefits available

  • In-home equipment
  • Informal care4
  • Worldwide coverage5
The purpose of this material is the solicitation of insurance and an agent may contact you.

The products and/or certain features may not be available in all states.

1. The purpose of this material is solicitation of insurance. An insurance agent may contact you. Policy forms [316-150P-FL and 316-283R-FL, 316-60P-FL and 316-284R-FL], and any state-specific, are issued by New York Life insurance and Annuity Corporation, Newark, DE, a wholly owned subsidiary of New York Life Insurance Company. Premiums also vary by issue age, gender and underwriting risk class. Policy issue is subject to underwriting. A medical exam may be required. The policies have exclusions and limitations. For cost and complete details of the coverage, contact your agent or the company. Premiums vary by issue age. Policy issue is subject to underwriting. To be eligible for longterm care benefits, the insured must be a chronically ill individual, with qualified long-term care service provided pursuant to a plan of care prescribed by a licensed health care practitioner. For costs and complete details of the coverage, including exceptions, reductions, limitations affecting the policy, pre-existing conditions affecting the policy, renewability, cancellability and termination provisions of the policy, contact your agent or the company. The policy cannot be canceled, non-renewed or otherwise terminated on the grounds of age or deterioration of your physical or mental health.

2. Greater of $10,000 or premium required to buy minimum face amount of $24,000 for 2 Year LTC Acceleration duration or $36,000 3 Year LTC Acceleration duration.

3. 5 annual pay available for issue ages 30-65 and 10 annual pay available for issue ages 30-60.

4. Family member, other than immediate spouse, gets paid 50% of the monthly benefit up to a certain max limit, when taking care of the insured.

5. Worldwide coverage has lifetime maximum of 3 times the monthly benefit.

New York Life Asset Flex is issued by New York Life Insurance and Annuity Corporation, a wholly owned subsidiary of New York Life Insurance Company, which is not affiliated with any Fidelity Investments company. This product is distributed by Fidelity Insurance Agency, Inc.  A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.

ICC20-LTC9184462

LTC9184462FL


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