Get Long-Term Care Benefits from Your Insurance Provider

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Long Term Care Insurance Planning Options Overview

Riders, more numerous & flexible
Traditional Premium dollar vs. benefit dollar, offers most benefit per premium dollar Rates not guaranteed*
Underwriting generally most stringent
Inflation benefit: simple, compound or purchased, often included in plan designs Lack of benefit if LTC not used (unless ROP rider is chosen)
Partnership asset protection Fewer cash/indemnity options vs. others
Tax incentive availability May not provide death benefit if LTC not needed (unless ROP chosen)
"Linked Benefit" Life with Rider (Asset Based) Can be "once & done” premium Lack of tax incentives**
Premiums may be guaranteed Less flexibility in riders vs. LTCI
Can offer ROP of all or portion of premium Lack of partnership asset protection
Can fund with single premium or multi-pay Using "my money first" for LTC claim
Designs generally favor LTC benefit vs. death benefit
More cash/indemnity options vs. traditional
Resolves "use it or lose it-client concerns
Traditional Life with Rider Designs generally favor life insurance death benefit "leverage" vs. LTC Lack of tax incentives**
Premiums & death benefit may be guaranteed Lack of partnership asset protection
Generally largest death benefit vs. other options Dollars used for LTC/chronic reduce ultimate life insurance benefit
Certain policies can be "third party" owned e.g. by ILIT Need to be aware of difference between "chronic illness"/LTC riders
More cash/indemnity options vs. traditional
Resolves “use it or lose it” client concerns
Annuity with Rider (not available in all states) Underwriting may be a bit less stringent Lack of tax incentives**
Resolves "use it or lose it" client concerns Lack of partnership asset protection
Annuity value and/or LTC benefit can grow in value over time, depending on performance Using "my money first" for LTC claim
Generally, total LTC benefit limited to 2x or 3x deposit/premium.
Annuity cash values may reduce each year because of LTC rider charges

Client uninsurable Contact us for the "true freedom" solution!

 * One carrier in the LTCI space does currently guarantee its premiums in certain circumstances; see also November 2016 SOA LTCI Pricing Study, which

provides perspectives on rate stability on LTCI in 2016+

** Funds withdrawn from a policy with a tax qualified LTC rider are generally not subject to income tax; funds withdrawn from an annuity without a TQ

LTC rider may be subject to income taxation.

Your Life Matters

LTC-Pre Qualification Health Form

Smoker
Spouse Applying (If yes, complete separate form):
Do you have symptoms of, or within the last 10 years, have you received medical advice, diagnosis or treatment or consulted with a member of the medical profession for any of the following conditions (check all that apply)
Have you received physical therapy in the past 12 months?
Have you been hospitalized in the last 10 years?
Are you presently, or in the past, collecting Social Security Disability or other disability
Have you been previously declined for long-term care insurance?
la here family history of dementia or Alzheimer's (parents or siblings?
This field is for validation purposes and should be left unchanged.