INERTIA / Advisor Services Group
INERTIA / Advisor Services Group

Flexible Premium "Hybrid"

LTC Planning Solutions

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

 

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 option which exists; One which provides all of the advantages of a Hybrid LTC solution without the substantial cash outlay.

 

The table below shows how various life insurance based solutions compare to traditional LTC insurance; which used to be the default solution for a LTC plan with a continuous pay option......

 

 

Flexible

Hybrid 

Traditional

LTC Insurance

Traditional

Hybrid 

Life Insurance

With CI Rider

Guaranteed

Premiums

Yes

No

Yes

Yes

Guaranteed

Death Benefit

Yes

No

Yes

Yes

Guaranteed

Cash Value

Yes

No

Yes

?

Lifetime LTC

Benefit Availability

Yes

No

No

No

Joint LTC

Protection

Yes

Yes

No

No

Lifetime

Pay Options

YES*

YES

NO

YES

Tax-Fee

LTC Benefits

Yes

Yes

Yes

NO

* 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.

Sponsor Code = "LTC"

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