Annual Premium "Hybrid" LTC Planning Solutions

In today's market, there are a variety of ways to implement a client's long-term care (LTC) plan, including traditional LTC insurance, Hybrid Life/LTC products and life insurance with an LTC or Chronic Illness rider.

 

When it comes to Hybrid LTC solutions, most advisors mistakenly believe their clients' need a large amount of money - or a Single Premium - in order to make a plan viable.  Far too often, consumers shy away from these solutions because they're unaware of a more flexible annual-pay option available; One which provides all of the advantages of a Hybrid LTC solution without a substantial initial cash outlay.

 

The table below shows how various Long-Term Care planning solutions compare to one another, and that an Annual-Pay hybrid solution may be a very good choice for clients wanting a continuous pay option......

 

 

Annual-Premium

Life/LTC Hybrid 

Traditional

LTC Insurance

Single-Premium

Life/LTC Hybrid 

Life Insurance

With LTC/CI Rider

Joint LTC

Protection

YES

YES

YES

YES

Tax-Fee

LTC Benefits

YES

YES

YES

YES

Guaranteed

Premiums

Yes

No

YES

YES

Lifetime LTC Benefit Available from an

"A+" Rated Carrier

YES

NO

NO

NO

Guaranteed

Cash Value

Yes

NO

Yes

?

Guaranteed

Death Benefit

YES

NO

YES

YES

* Includes ongoing lifetime payments & short-pay options

 

 

 

As the market continues to expand the offering of client-focused LTC

planning solutions, be sure you are prepared to provide your clients 

with all of the available options.  If you need assistance, please don't

hesitate to contact us to discuss your case.

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