Looking for a life-based long term care product that can cover two people under one policy? Sometimes clients are unsure whether or not they need protection – and may want to cover their spouse instead. Kill two birds with one stone with a joint life product, which not only protects your client and his/her spouse, but also uses the same funds to do so.
This product offers the ultimate level of flexibility – it allows your clients access to a shared pool of long-term care benefits stemming from one premium payment. In addition, the second-to-die whole life structure creates a larger pool of shared benefits than they would otherwise have from a single life policy. And for your single clients, the policy can be structured for two family members instead – assuming they do not have an age gap of more than 25 years.
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Other benefits include reduced cost of insurance charges and underwriting flexibility.
To learn more about the life-based long term care product and additional products being offered in the asset-based LTCi marketplace, contact us today!