LTCi Quotes for Scott L

Scott,

Thanks for your feedback. I updated your quotes for you.

🔁 Revised quotes

Below you'll find the 3 year and 4 year options from Mutual of Omaha. Each option includes 3% annual growth to help benefits keep pace with rising LTC costs.

🧐 My notes

For context, the average length of care for men is 2.2 years, while memory care (such as Alzheimer’s) can last 8+ years.

Both policies include lifetime premiums, meaning you pay each year for life—but payments stop once you begin receiving care. While insurers technically can raise rates in the future, it’s unlikely. These policies are conservatively priced, and carriers have decades of data to help them set stable premiums.

Assisted-living in New Jersey is projected to cost $171,000/year by age 80 (assuming 4% annual growth). Your options provide lower annual benefits than this projection, but you can bridge the gap using personal savings and Social Security. The goal for most people is meaningful coverage, not paying every dollar.

⬆️ If you'd like higher annual benefits, you can increase your premium—your benefits will rise proportionally (e.g., by 25%).

👉🏻 Next steps

If you'd like to start your application for the 3 year or 4 year policy, just let me know.

📺 Still learning?

Watch our 7-minute "unboring" video on the features of LTC insurance. That's me in the video.

Thanks,
Jesse

Jesse Vickey at Long Term What?
Schedule a call or 720-263-2188
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