Regular LTC policies without rate increases?

[Mr_Ed]

Regular...he wouldn't be concerned about rate hikes with a hybrid.

Some hybrids do NOT have guaranteed level premiums.

 

[Arthur Rudnick]

"Am I right to assume that once you finish paying the premium (single pay, 5-pay, 10-pay, etc.) for a regular LTC policy, then no more rate hikes? They can't come back to you afterwards and force you to pay more premium?

You're correct.

 

[Tahoe Ray]

Some hybrids do NOT have guaranteed level premiums.

I wouldn't know about that since all of the big players absolutely do.

 

[Mr_Ed]

I wouldn't know about that since all of the big players absolutely do.

The big players account for about 25% of the hybrid sales.
Most hybrids are CI riders added to IUL policies sold to people in their 30's and 40's.

 

[Tahoe Ray]

The big players account for about 25% of the hybrid sales.
Most hybrids are CI riders added to IUL policies sold to people in their 30's and 40's.

I don't call those hybrids at all...............

 

[ltcadviser]

I don't call those hybrids at all...............

Agreed.

 

[Mr_Ed]

I don't call those hybrids at all...............

LIMRA calls them hybrids.

 

[Mr_Ed]

Agreed.

LIMRA calls UL policies with CI riders "hybrids".

 

[Mr_Ed]

Yes, for the total Hybrid policy number in the WSJ article according to LIMRA survey for 2016:
- 47% Chronic Illness Rider (101g)
- 39% Acceleration of Death Benefits only
- 14% Extension of LTCi Benefits.


ONLY 14% of the hybrids are really hybrids.

 

[Tahoe Ray]

Yes, for the total Hybrid policy number in the WSJ article according to LIMRA survey for 2016:
- 47% Chronic Illness Rider (101g)
- 39% Acceleration of Death Benefits only
- 14% Extension of LTCi Benefits.


ONLY 14% of the hybrids are really hybrids.

ok...but considering the demographics of this sub-forum and the topic, I still think that you knew exactly what I was referencing and just wanted to be pedantic.