LTCi Quotes for Erica M & Tom
Jesse Vickey
- 2 min read

LTCi Quotes for Erica M & Tom

On this page

Erica,

Thanks for speaking with me and sharing your goals. Below you'll find some links to help with your LTC planning goals along with some quotes.

These links are related to our conversation.

🎯 Your coverage targets

Based on our conversation, you prefer to receive care at home, while acknowledging that memory care may be necessary in the event of dementia.

At a 4% inflation rate, assisted living in Rhode Island is projected to cost about $185k/year in 20 years. Memory care and home care typically run higher, but we can use annual benefits in 20 years of $185k (about $15k/mo) as a working target to shape coverage, recognizing that insurance is designed to provide meaningful support rather than cover every dollar.

📍
Cost tool → Compare current and projected costs for home care, assisted living, and more in Rhode Island and elsewhere.


🔎 Your quotes

I've provided three quotes with the same annual benefits aligned to your coverage target. Each includes 3% annual benefit growth to help your benefits keep pace with rising LTC costs.

💡
Should you shop around? You can—but your quotes will be the same everywhere. Long-term care insurance prices are set by the insurance companies, not by brokers. We offer all the top policies and help you find the best fit.



🧐 My notes

All three options meet your coverage target and provide long-duration protection for potential memory care needs. The policies shown are among the most popular options available today.

Option A
This Nationwide CareMatters policy (read the review) for Tom is the least expensive of the three. It pays benefits in cash, which provides more flexibility, but the coverage ends after 7 years.

Option B
This OneAmerica Asset Care policy (read the review), the gold standard in coverage, provides Tom with lifetime benefits. It is paid mostly as reimbursement.

Option C
This is the same OneAmerica Asset Care structure as Option B, but it covers both of you under a joint policy. You each receive the same annual benefit level, and coverage is lifetime. The refund is paid once both of you pass away.

Other notes

• Options A and B refund more than your single premium if benefits are never used.
• Alternative payment schedules are shown at the bottom of each column. When paid over time, premiums are guaranteed not to increase.
• If you'd like higher annual benefits, you can increase your premium and your benefits will rise proportionally (for example, by 25%).
• Benefits are available on day one. The 20-year projections in the table simply illustrate how 3% annual growth increases your future buying power.
• Tom’s premiums will increase slightly after his birthday in January.


👉🏻 Next steps

If any of these options look interesting to you, I recommend Tom or both of you completing this health pre-screen form (15 minutes). I’ll share your answers anonymously with insurers to get informal feedback before any formal application. This helps us identify which policy is the best fit and avoids the risk of a formal decline.

Alternatively, feel free to schedule another call with me call to discuss these options.

📺 Still learning?

Watch our "unboring" video on qualifying for LTC insurance.

Thanks,
Jesse

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