Principal Advisor, Brokerage Consulting, Flemington NJ
There's a short answer to this; just call me! (sorry, I could not resist!).
I think an answer that you may find more useful is when shopping for long term care protection, make sure you are talking to a broker or financial adviser who specializes in this area. There are several product solutions available that provide impairment or long term care protection, over and above the traditional LTC policy. For instance, there are term life insurance products that have what is known as living benefit riders, there is permanent life insurance products that have LTC riders, there is single premium LTC that has a life time 100% money back refund guarantee, and there is asset based LTC, which uses an annuity for retirement planning, coupled with an income rider that has impairment benefits.
As you can see, it can become quite complicated; therefore you need an experienced professional that will provide objective advice, based on your individual needs.
.JPG){kind=avatar}
I think an answer that you may find more useful is when shopping for long term care protection, make sure you are talking to a broker or financial adviser who specializes in this area. There are several product solutions available that provide impairment or long term care protection, over and above the traditional LTC policy. For instance, there are term life insurance products that have what is known as living benefit riders, there is permanent life insurance products that have LTC riders, there is single premium LTC that has a life time 100% money back refund guarantee, and there is asset based LTC, which uses an annuity for retirement planning, coupled with an income rider that has impairment benefits.
As you can see, it can become quite complicated; therefore you need an experienced professional that will provide objective advice, based on your individual needs.