56 female non smoker florida ltc

[PhxSunsFan]

any ideas:
straight ltc with transcare II,,, 3518 quoted at age 55
nationwide care matters II indemnity with ltc, 5742 quoted at 55

any other suggestions. thoughts? thanks

 

[PhxSunsFan]

am I correct that these rates can increase at anytime?? becoming unaffordable to some?? etc? not locked in??

 

[fed up]

LTC rates can and do increase but the entire CLASS needs to be increased because of a shortfall or increased costs. If and when that happens you simply adjust the elimination period, daily coverage, or length of the contract so that you don't lose the customer. I saw it happen in 2010 with Bankers Life and know that John Hancock and Genworth have taken rates along with others. It is not such a big deal if everyone keeps their cool about how to fix the situation for the client

 

[PhxSunsFan]

any chance these rates will stay the same thru insureds lifetime??
any other plans/ carriers besides these 2? lower rates for same coverage?

 

[Tahoe Ray]

any chance these rates will stay the same thru insureds lifetime??

No. But most insurance rates aren't guaranteed. That and LTC policies today are better priced than those previously.

any other plans/ carriers besides these 2? lower rates for same coverage?

I'm not running quotes for you but check MoO and NGL.

If this isn't your wheelhouse, farm it out on a split.

Better for everyone.

 

[kpbdy99]

TransCare sucks, the inflation riders are horrible. She'd be better off with either Mutual of Omaha or National Guardian Life. TQ LTC rates can change, but the products are prices so much more conservatively now - especially for women - that if there are any increases in the future they will be minimal, and it's never take it or leave it. The client always has the contractual right to change their benefits to keep their price down. If she buys LTC insurance today, she'll likely get a couple of small rate increases over the life of the policy.
Sure, the Nationwide plan's rates are guaranteed, but she's paying a lot more for life insurance she doesn't need.

 

[ltcadviser]

TransCare sucks, the inflation riders are horrible. She'd be better off with either Mutual of Omaha or National Guardian Life. TQ LTC rates can change, but the products are prices so much more conservatively now - especially for women - that if there are any increases in the future they will be minimal, and it's never take it or leave it. The client always has the contractual right to change their benefits to keep their price down. If she buys LTC insurance today, she'll likely get a couple of small rate increases over the life of the policy.
Sure, the Nationwide plan's rates are guaranteed, but she's paying a lot more for life insurance she doesn't need.

Kerry, you are 100% wrong for FL.
Transamerica is great in FL and has 3% compound available. Transcare II 2016 pricing in FL.
Best traditional policies in FL are
1) Mass Mutual Signature Care 500. Priced 40% beneath market.
2) Thrivent
3) Transamerica
4) Mutual of Omaha
5) NGL

 

[ltcadviser]

any ideas:
straight ltc with transcare II,,, 3518 quoted at age 55
nationwide care matters II indemnity with ltc, 5742 quoted at 55

any other suggestions. thoughts? thanks

MassMutual is 60% of the Transamerica premium.
Your commission will be 0% since you were asking in another thread. But your client will be happier. Policy available for another month.

 

[PhxSunsFan]

Mass Mutual will stop writing ltc as of jan 28th, I am told.. thoughts?