Here is why a Living benefit plan with guaranteed premiums outshines a long term care policy

Here is why a Living benefit plan with guaranteed premiums outshines a long term care policy

With long-term-care insurance premiums climbing by double digits and several insurers exiting the business in the past few years, many families are turning to an alternative: using life insurance with living benefits.

Living benefits term life insurance policies can be purchased with one or more riders, which will pay you money while you’re still alive if:

1. You’re terminally ill.You can receive a portion of your death benefit in advance, for help with medical expenses, one final around-the-world fling, or whatever.
2. You’re chronically ill.Frequently you’re considered chronically ill if you can’t perform several of the six activities of daily living, such as getting out of bed, feeding yourself, bathing, and so forth. You can receive a portion of your death benefit in advance, in situations like this.
3. You’re critically ill.That could mean you’ve been diagnosed with a heart attack, stroke, cancer, end stage renal failure, major organ transplant, or some other pretty grim illness. Again, you can get some or all of your death benefit early – in time to be of some use to you.

If you currently have a long-term care insurance policy you’ve probably seen that the annual cost is increasing.  However, if you have a living benefits life insurance policy with guaranteed level premiums you are NOT be experiencing a cost increase…and the benefits are almost identical!

Here’s an example:  If you look at the last page of the letter  on your right, it shows a whopping 27% increase! This plan has doubled in price over in 3 years!  Now the cost is now $452.90!  When it was sold originally it was $97 – in 2010 it was $196 and in 2013 was $217.

Living benefits can protect you and your loved ones from the devastating costs of unexpected long-term care and illness.  Don’t you owe it to those you love to purchase the best value in protection from the costs of your long term care needs?

Call us today at 1-800-257-1723 or click here now to schedule an appointment.