Asset Based Long Term Care (LTC) Protection

  • Traditional LTC protection: pay an expensive premium and hope you never need to use the LTC protection. You pay the premium for 20 years, then die in your sleep, never having had a LTC event. Will the LTC carrier return all those premiums? Of course not.
  • Traditional life insurance policy (old kind). Should be called “death insurance”. There are no “living benefits”. You must die to use it.
  • Consider this hybrid. The new kind of life insurance that includes “living benefits” you don’t have to die to use. Death? Beneficiary wins. LTC event? The insured wins. This is a win:win.

Things To Consider When Facing A Long-Term Illness

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