What if you could buy an insurance policy that gave you,
- Long Term Care coverage
- A 100% return of your entire premium at any time upon your request (minus any claims)
- A tax-free death benefit
- Is contractually guaranteed
- No gimmicks, no small print, and no conditions that you must meet to get the refund
Well, there is in fact just such a contract - allow me to explain.
A long-term illness is one of the most devastating events that can happen during retirement. Not only can it take an emotional toll, but financially it can drain your retirement money. Patients who require long-term care are generally unable to perform the basic activities of daily living such as dressing, bathing, eating, toileting, continence, transferring, and walking. Age is not a determining factor in needing long-term care. About 60 percent of individuals over age 60 will require at least some type of long-term care services during their lifetime.
Long Term Care insurance, is a contract that helps provide for the cost of long-term care after a predetermined waiting period − usually 90 days and up to a chosen benefit period. It insures nursing care that is not typically covered by health insurance, Medicare, or Medicaid.* The policy typically covers home care, assisted living, adult day care, respite care, hospice care, nursing home and Alzheimer's facilities.
If you cannot stomach the idea of paying regular premiums to cover your long-term care risk and can pass an underwriting evaluation, there may be an alternative for you. Many insurance companies now offer Asset Based Long Term Care to eliminate the number one objection.
“I don’t want to pay premiums on an insurance policy I may never use.”
Please note: Our firm only contracts with insurance companies that are over 100 years old, “A rated” from the rating services like Moody’s, AM Best, and Standard & Poors. Licensed in all 50 states.
