LTC FREQUENTLY ASKED QUESTIONS
WHO NEEDS LTC INSURANCE?
Those who are concerned with long-term care and want to protect their nest egg.
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Long Term Care costs can be expensive. Check cost by state here.
BEST AGE TO PURCHASE LTC?
We usually see the best pricing for those applying age 45-65.
We can insure up to age 75, and some carriers up to age 80.
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WHAT TRIGGERS LTC INSURANCE?
When the insured hits 2 / 6 Activities of Daily Living (ADLs), your benefit will pay out after the elimination period of your choosing.
The 6 ADLs include:
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eating
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bathing
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transferring
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dressing
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toileting
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continence
TRADITIONAL LONG TERM CARE OR LINKED BENEFIT?
Every scenario is different, along with product availability and pricing varying state to state.
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We will walk you through your options.
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Single or joint?
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What type of care? nursing home? at home?
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Is death benefit remotely important?
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Funding - single premium, 10 pay? Qualified, Non-qualified?
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Definition of Policy - Traditional LTC, Life with Chronic Illness Rider, Hybrid/AssetBased
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