A recent survey shows that as many as 70% of Americans will require long term care at some point in their lives. We can help you offer a solution to this financial concern, add long term care (LTC) rider to their life policy. Clients in their 40s and 50s buying Life Insurance policies today with an LTC rider, may not even activate that rider for another 20 or 30 years, so having an increasing LTC monthly benefit provides great value.
Here are three types of LTC riders
- A Stand Alone Long Term Care (LTC) insurance policy
- An Annuity with LTC Benefit
- A life insurance policy with a LTC rider or accelerated death benefit, also known as a Hybrid Life Insurance Policy
There are pros and cons to each of these, so it is impotent t to have me help you identify which one would be best for your client.