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Old 07-02-2017, 04:52 PM   #1
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LTC for Adult Children LTC for Adult Children
If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
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Old 07-02-2017, 05:27 PM   #2
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LTC for Adult Children
Originally Posted by bluemarlin08 View Post
If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
Are they worth more than 11+ million, because if not it is unlikely to matter.
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Old 07-03-2017, 12:44 PM   #3
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LTC for Adult Children Re: LTC for Adult Children
Originally Posted by bluemarlin08 View Post
If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
Can you buy a hybrid in your 80's? Do not know of any that go that high......and even if so, how healthy can you statistically be? Hybrid = MG, PacLife, StateLife, Nationwide, ForeCare, etc. Unless of course you meant the kids would be the insured.....and their grandchildren would be beneficiaries. :-)

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Old 07-03-2017, 10:03 PM   #4
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LTC for Adult Children Re: LTC for Adult Children
Originally Posted by yankee466 View Post
Can you buy a hybrid in your 80's? Do not know of any that go that high......and even if so, how healthy can you statistically be? Hybrid = MG, PacLife, StateLife,
Yes, Herman, State Life underwrites to age 84 on its hybrid annuities with LTC COB rider.
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