LTC FREQUENTLY ASKED QUESTIONS
WHO NEEDS LTC INSURANCE?
Those who are concerned with long-term care and want to protect their nest egg.
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.
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:
TRADITIONAL LONG TERM CARE OR LINKED BENEFIT?
Every scenario is different, along with product availability and pricing varying state to state.
We will walk you through your options.
Single or joint?
What type of care? nursing home? at home?
Is death benefit remotely important?
Funding - single premium, 10 pay? Qualified, Non-qualified?
Definition of Policy - Traditional LTC, Life with Chronic Illness Rider, Hybrid/AssetBased