Hello.
Looking for an agent who has LTC experience, reps all companies who are still writing LTC and will be our advocate to finding best policy for us and not be pushing products where commission is higher.
I know we are late to the table to secure LTC but we are married:
F: will be 60 in 6 weeks - works full time - very good health - take some meds to control HBP, cholesterol, insomnia, etc - no serious illnesses
M: will be 57 in April - works full time - excellent health - takes no meds
Looking for LTC issue in TX where we live now that would cover us in another state if we moved down the road.
Looking for pay over 10 years (if still done) and lifetime.
Looking for approx $200/day - 5 years - 90 day waiting inflation rider - inflation
Our company may sign up with Lifesecure for voluntary LTC as employees (me not my spouse) can get simplified underwriting (spouse regular underwriting) & you are approved for benefit banks in the amount of $75,000 - $400,000. Wondering if we should go that route or research private/individual & shared benefit policies. 5% discount if employer contributes & 10% for married.
Lifesecure $400K policy - 90 day waiting - monthly benefit draw at 2% would be $8K if needed & monthly premiums would be:
3% inflation - $384 for me and $332 for my husband monthly so about $8.6K annual for both before discount
5% inflation - $548 for me and $460 for my husband monthly so so about $12K annual for both before discount.
Curious if these rates are comparable to individual plans.
I watched what had happened with my mom and dad and don't want same for me and my husband. I am thinking now it is more important to pay for LTC than put $ in 401K but would really rather do the 10 year payoff as we plan/expect to keep working for some years and easier to do now.
Thanks for any recommendations.
Looking for an agent who has LTC experience, reps all companies who are still writing LTC and will be our advocate to finding best policy for us and not be pushing products where commission is higher.
I know we are late to the table to secure LTC but we are married:
F: will be 60 in 6 weeks - works full time - very good health - take some meds to control HBP, cholesterol, insomnia, etc - no serious illnesses
M: will be 57 in April - works full time - excellent health - takes no meds
Looking for LTC issue in TX where we live now that would cover us in another state if we moved down the road.
Looking for pay over 10 years (if still done) and lifetime.
Looking for approx $200/day - 5 years - 90 day waiting inflation rider - inflation
Our company may sign up with Lifesecure for voluntary LTC as employees (me not my spouse) can get simplified underwriting (spouse regular underwriting) & you are approved for benefit banks in the amount of $75,000 - $400,000. Wondering if we should go that route or research private/individual & shared benefit policies. 5% discount if employer contributes & 10% for married.
Lifesecure $400K policy - 90 day waiting - monthly benefit draw at 2% would be $8K if needed & monthly premiums would be:
3% inflation - $384 for me and $332 for my husband monthly so about $8.6K annual for both before discount
5% inflation - $548 for me and $460 for my husband monthly so so about $12K annual for both before discount.
Curious if these rates are comparable to individual plans.
I watched what had happened with my mom and dad and don't want same for me and my husband. I am thinking now it is more important to pay for LTC than put $ in 401K but would really rather do the 10 year payoff as we plan/expect to keep working for some years and easier to do now.
Thanks for any recommendations.
