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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

  • bathing

  • transferring

  • dressing

  • toileting

  • 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? 

  • 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 

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Long Term Care: FAQ
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