selfgen
Guru
please recommend an insurance company for me. i have someone interested in an LTC policy, a 62 year old healthy female.
what carrier should i use for Long Term Care?
- Thread starter selfgen
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Medicare bro
Guru
- 581
Not many companies do it anymore. Genworth was a big one. A true LTC at 62 would be insane expensive.
Mutual of Omaha, Thrivent, National Guardian for traditional plans. Lincoln, Nationwide, OneAmerica, Securian....for hybrid. Lots of good short term plans too, depending on the state......Aetna, GTL, Manhattan. There are also annuity based offerings
Other products too. LTC is still pretty cheap at age 62....so ignore what the other guy said...unless you think a few hundred dollars a month is expensive for hundreds of thousands of dollars of LTC protection. The hybrids give you all your money back if care is never needed.
Lots of variables depending on the client, and their health. I sell lots of all the above
Other products too. LTC is still pretty cheap at age 62....so ignore what the other guy said...unless you think a few hundred dollars a month is expensive for hundreds of thousands of dollars of LTC protection. The hybrids give you all your money back if care is never needed.
Lots of variables depending on the client, and their health. I sell lots of all the above
My mom used 6.5 years of long term care (assisted living at first and then a nursing home; she died shortly after that while in hospice care). No way she (or us kids if she had no LTC), could have paid for that otherwise. She'd have end up with medicaid in a medicaid nursing home but the amount of SS they keep when in nursing homes with medicaid wouldn't have left enough to pay for all the other things she needed.
Some plans you have to pass medical underwriting to get LTC (or long term disability insurance for that matter) so be sure to check for that in the individual policies you are considering for that person. Sounds like they'd pass though since you said healthy, but still worth looking since some are pickier than others.
