Revised LTCi Quotes for Joseph G and Risa E

Joseph and Risa,

Good news. Your revised long-term care (LTC) insurance quotes are ready.

🔁 Revised quotes

I’ve included three quotes that are comparable to the Plus option from your prior quotes. Each includes 3% annual growth to help the benefits keep pace with rising long-term care costs. Option A is a joint policy and options B/C are individual policies.

🧐 My notes

The options I shared represent some of the most popular solutions in the market today.

Option A: The Nationwide CareMatters joint policy allows you to share benefits. If one of you were to need the full 8 years of benefits while the other never required care, the policy would still fully cover that need. Read the review.

Options B/C: With the individual Securian policies, you will notice that Risa’s benefits are meaningfully lower than Joe’s. To allow for an apples-to-apples comparison, I kept the premiums the same. If you decide to move forward with Securian, we can rebalance the premiums by decreasing Joe’s and increasing Risa’s so that both policies provide matching benefits. Read the review.

Assisted-living in New Hampshire is projected to cost $174,000/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 any of these policies look appealing, please schedule time on my calendar so we can review the options together and address any questions you may have.

📺 Still learning?

Watch our "unboring" video on qualifying for 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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