Most people are only familiar with health-based extended care long-term care (LTC) insurance as a use-it-or-lose-it policy. Moreover, health-based LTC policies come with premiums that are not guaranteed and can increase at the anniversary date, and they lack any cash value. Due to these factors, many individuals assume they cannot afford such policies or are unsure how to finance them.
On the other hand, asset-based LTC protection comes with guaranteed premiums, cash value, and death benefits. Flexible payment options are available, including annual payments, lump-sum payments, and the use of IRA or qualified money, as well as old non-qualified annuities.
Our associates can help you figure out your most suitable option when it comes to financial services.