Originally Posted by AOKING
I bet he would like your opinion on why........
My guess would be more leverage and the guarantees of whole life(Asset Care 4) vs UL, but I could be wrong.
What's the kill shot Mr. Ed?
1) it's a second to die policy, which reduces the mortality expenses
2) a very affordable 20 year pay is available
3) lifetime/unlimited benefit period
4) tax deduction for the LTCi rider premium
5) every value in the policy is 100% guaranteed. Most UL/LTC
policies do not have those same guarantees. What's going to happen to all those people who buy UL/LTC
policies and their policy lapses at age 85 and they need LTC
a year later.
Just curious, do you guys understand how the chronic illness riders first decrease the death benefit before calculating how much the policy will pay for "long term care"?