Long Term Care

One of the most challenging future risks that we all face is - to be blunt - taking too long to die. Long-term care insurance (LTCi) transfers the cost of that risk to an insurance company. The most common insurance policy for long-term care is referred to as “stand-alone” LTCi or “traditional” LTCi. Long-term care insurance can also be “linked” with another insurance contract with costs being paid from the values of that contract. Federal and state governments have now provided tax-favored status for receiving payment for LTC costs with both types of contracts.

We are well-acquainted with long-term care insurance strategies and provide a range of carriers, products, and informational materials to help you find the most cost-effective solution to mitigate this very possible future risk. Our core carriers are all dedicated to the LTCi marketplace and well-capitalized to pay claims when the time comes. Currently, we are appointed with John Hancock, MetLife, Prudential, Genworth, Mutual of Omaha, and Assurity Life companies.

Because coverage for long-term care is a health insurance issue, we provide you with a medical pre-assessment form so that you can quickly determine if your client will qualify for the coverage. Turn-around time for that determination is usually 24 hours or less. Performing this additional step up front reduces the chance of a decline from the carrier and helps us determine which of our LTC insurance companies would best be suited for underwriting your client.

We provide side-by-side comparison illustrations as well as complete carrier-specific proposals for your discussion with clients. LTCi is not an ‘off-the-shelf’ type of insurance contract – one size does not fit all. So, we’ll shop your client’s health and financial profile to help you find the best contract with the best carrier at an affordable price.