Long-Term Care
We help our clients live out their final years with dignity. Planning ahead to most effectively protect your family and assets, and to have great options to choose from, makes all the difference!”
If there was one risk to your family and financial security that had a 70% chance of happening, wouldn’t it make sense to plan for it? We think so. This oft-neglected critical aspect of planning has come to be known as “The Great Retirement Income Gap” and has caused more family hardship and financial loss than just about any other cause.
Don’t wait until you or your loved one needs assistance with daily life to start thinking about how you’ll pay for it and what your options might be! With so many affordable and flexible options for long-term care insurance available, we help make it easier than ever to plan ahead and protect your family and assets!
Scroll down to the sections below for more information about the innovative options.
Long Term Care Options
PURE LONG TERM CARE INSURANCE
- Benefit amount is typically based on a cost per day or month for a set period of time.
- There is a time deductible called an “elimination period” – typically 60-120 days.
- Rating based on Health, age, and gende
LIFE INSURANCE WITH RIDER
- Typically allows 50-75% of the death benefit to be used for LTC needs
- Some IULs allow 100% access to death benefit, but benefits can fluctuate
- Triggered by the same things that trigger LTC insurance
HYBRID LIFE OR ANNUITY LTC POLICY
- Allows 100% of the benefit pool to be used for death benefit or LTC needs
- Triggered by the same things that trigger LTC insurance
- Builds guaranteed interest on the cash value growth
- Can receive qualified funds (IRA, 401k, etc.) or non-qualified
ANNUITY LTC POLICY
- Designed to create income for retirement, then multiply (typically double) it for the purposes of paying for LTC
- Triggered by the same things that trigger LTC insurance
- Easier to qualify for than the other 3 options
- Can receive qualified funds (IRA, 401k, etc.) or non-qualified