Long Term Care Insurance
70% of Americans require some form of ongoing medical assistance in later life. New Hybrid Long Term Care Plans protect you from this expense and provide a Tax-FREE Death Benefit if not used.
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Frequently Asked Questions
Will my premiums go up?
No unlike traditional life insurance polices with long term care the new long term care polices have fixed premiums.
New Hybrid Policy
What happens to my premiums if I don't need long term care?
Traditional policies operate under a use or it lose it model so if you dont need long term care that money is gone. The new policies have a cash value so can be surrendered at any time and if they aren't used they will pay out a death benefit.
Can I get a Hybrid policy even if I don't qualify for Life Insurance?
Yes it is possible. Traditional Life insurance is based on mortality but the new Hybrid policies are based on morbidity.
What happens if I don't get any type of long term care policy?
Hopefully you won't need long term care but if you do you will need to pay for it yourself. The table below shows the median costs for health care in California in 2018 and what they are predicted to be by 2028.
|Home Health Care||$4,957||$6,662|
|Adult Day Health Care||$1,679||$2,256|
|Assisted Living Facility||$4,500||$6,048|
|Nursing Home Care|
*2028 costs based on 3% inflation.