Guaranteed Level Premiums For LTCi

The traditional Long Term Care Insurance market has finally found a solution to provide guaranteed level premiums. Without the fear of a potential future rate increase, advisors and clients alike will no longer have to shy away from purchasing traditional LTCi policies.

Now the marketplace offers a way to structure premiums with guaranteed, non-cancelable premiums that are level for the life of the policy holder. Not only can the policy guarantee level premiums, it also generates a death benefit and cash value over the life of the contract – all for an affordable cost.

See below for detail of what an additional $1,000 per year can purchase for a 55 year old couple looking to explore multiple LTCi options:

Non-Cancellable Premiums with no rate increase exposure
Conversion from a joint 10 year plan to a joint unlimited plan
Reduced Elimination Period
Guaranteed second to die death benefit with no LTC claim
Guaranteed cash value accumulation

	Leading Traditional LTCi	Pay For Life – Asset Based
LTC Monthly Benefit	$6,000 per claimant	$6,000 per claimant
LTC Benefit Period	10 years combined	Unlimited/Lifetime
Elimination Period	90 Days	30 Days at Home, 60 for Facility
Death Benefit	N/A	150k guaranteed
Guaranteed Cash Value Year 10	N/A	28k
Guaranteed Cash Value Year 20	N/A	64k
Non-Cancelable Premiums	No	Yes
Annual Premium	$3,700	$4,700