Brad W.
New Member
OK, WHY NOT LIFE INSURANCE AS AN ALTERNATIVE TO LONG-TERM CARE INSURANCE?
Companies are coming out with riders that will pay a percentage of death benefit each month for Nursing home care, Assisted living care and home health care. I have thought for years that it would be a great fit.
It’s like this.
Mr. (age 65) & Mrs. (Age 64) Jones, Would you rather have a Long term care policy that will pay up to $150 per day with 5% compound inflation for a benefit period of up to 5 years if you need a type of extended care, like in a nursing home, assisted living or home health care. (Cost $4700+ per year in premium. I know this because I just wrote one.) Or would you rather have a policy that will pay for those types of needs if needed, yet if you never need long term care it will pay a death benefit of $500,000 to your family?
I will admit the life insurance way is a higher premium, like maybe twice as much in some cases. But the premium is locked in and won’t be going up.
I just want to hear your thoughts on this?
One last thing. How do some of you guys make a living selling insurance? When I see by the number of post by some of you I think, they can’t be working because they are always on the computer. No offence just curious.
Companies are coming out with riders that will pay a percentage of death benefit each month for Nursing home care, Assisted living care and home health care. I have thought for years that it would be a great fit.
It’s like this.
Mr. (age 65) & Mrs. (Age 64) Jones, Would you rather have a Long term care policy that will pay up to $150 per day with 5% compound inflation for a benefit period of up to 5 years if you need a type of extended care, like in a nursing home, assisted living or home health care. (Cost $4700+ per year in premium. I know this because I just wrote one.) Or would you rather have a policy that will pay for those types of needs if needed, yet if you never need long term care it will pay a death benefit of $500,000 to your family?
I will admit the life insurance way is a higher premium, like maybe twice as much in some cases. But the premium is locked in and won’t be going up.
I just want to hear your thoughts on this?
One last thing. How do some of you guys make a living selling insurance? When I see by the number of post by some of you I think, they can’t be working because they are always on the computer. No offence just curious.