The concern shouldn’t be looking for Long-Term Care coverage. The concern should be the price of the policy. The annual premium for $150 daily benefit went from $1,524 in 2007 to $2,269 this year – a 49% increase. Policies sold today cost 6% to 17% more than they did last year, according to an LTC trade group, and insurers regularly seek double-digit rate hikes on existing policies. Still, insurance can protect against depleting savings on extended care. Insurance costs can be cut by limiting coverage to three years. Inflation protection is a must. Buy as much as you can – at least 3% yearly.
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Use this fact sheet to explain 3 key differences between Life Insurance and Roth IRAs to your clients.
Tools to help you survive in the post-DOL rule world.
The Perfect First Appointment from a $30 Million Producer
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Jun 29, 2017
Join this complimentary webcast to dive into the imperative demand benefits professionals, employers, and HR representatives must meet when it comes to customizing benefits packages,...
Jun 28, 2017
Clients want to discuss health care costs in retirement. We can help break down options and costs so your clients can better prepare.