Long-Term Care
Preparing for care without a lump sum
The modern way to prepare for care: if you never use it, it isn't lost.
Drag to turn
Without a plan, that weight ends up falling on your spouse and your children.
THE OLD WAY
Unused meant gone
If care never happened, the premiums simply disappeared.
THE MODERN WAY
Unused goes to family
It is possible to design it so the value passes on if it is never needed for care.
The point is finding the approach that fits you. Products differ in the lump sum they require, and in whether your health allows you to qualify at all.
- Asset Based Plan
- Annuity-based LTC
- Life-insurance-based LTC
- Stand-Alone LTC
- Alternative plans
Value preserving
If it is not spent on care, it passes to family
Health dependent
What you can qualify for differs person to person
Use what you have
Convert an existing annuity or policy toward care
- You cared for a parent You have lived through what it costs
- You are thinking of family You do not want to burden your children or spouse
- You have assets to use You want existing assets or policies to cover care
