5 products changing the Long Term Care conversation.

Jerry Thomas AIG - American General, Asset Care I, Life Insurance, Lincoln Financial, Linked Benefit Product, Long Term Care Insurance, MoneyGuard, Nationwide, NLG SUL II LTC Rider, OneAmerica, Protective Extend Care Rider, Protective Life Leave a Comment

5 products changing the Long Term Care conversation.

These products are being used to help clients plan for a potential long term care event. What makes these options most attractive is that these products provide flexibility and benefits that traditional long term care does not always provide…

Guaranteed Level Premiums – Death Benefit Option Return of Premium – Coverage for Multiple Insureds

  1. Nationwide’s Survivorship Guaranteed UL policy with a Long Term Care Rider.
    • It is a survivorship guaranteed universal life policy that insures two lives using one policy and one death benefit. It includes a Long Term Care rider allowing each insured to accelerate 1/2 the death benefit to pay for long term care.
    • Example $500,000 Male 65 Female 60 Preferred NS
  2. AIG’s Guaranteed UL with a Chronic Illness Rider and a Longevity Rider
    • It is a guaranteed universal life policy that allows the nsured to use the death benefit to pay for chronic illness and/or receive income from the death benefit at a rate of 10%* per year starting at age 85.
    • Example Male 55 Preferred NS $500,000
  3.  Lincoln MoneyGuard 10 Pay Option + 80% Return Of Premium Option
  4. Protective’s Extended Care Rider on a Guaranteed UL to age 95
  5. One America’s Asset Care I
    • Survivorship Whole Life policy covers 2 lives with 1 death benefit and provides coverage for Long Term Care with an option for Lifetime coverage. The ability to use annuity in replacement of the WL policy and the ability to structure with Qualified money.
    • Example Male 65 Female 60 Preferred NS $100,000 Single Premium

For more information contact one of the members of our sales team to help you review different options.

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