Tony and Cheryl,
Good news. Your long-term care (LTC) insurance quotes are ready.
Why choose LTC insurance? More than half of us will eventually need care, and people choose coverage to...
- Avoid relying on family for caregiving
- Stay in control — at home or your preferred facility
- Protect savings from the high cost of care
🔧 How LTC insurance works
It's a little different from your home or auto insurance.
- Pick your price for how much coverage you want.
- Coverage stays in place forever, even after you’re paid up.
- When you need benefits, coverage has monthly and total maximums.
- Benefits grow to keep up with future care costs.
👀 First-look quotes
To start, I’ve provided quotes from three different policies with increasing costs.
📈 Graph of benefits
This graph shows how your projected benefits and LTC costs in Michigan if you needed care at age 80, but benefits can start at any time. For more detail, click a policy name—like Base—or any line.
LTC costs in Michigan
Assisted-living in Michigan is projected to cost $136,000/year by age 80 (assuming 4% annual growth). But your policy doesn't have to cover everything. Assisted-living already includes housing and meals, and any steady income, like Social Security, can bridge the gap that your policy doesn't cover.
🧐 My notes
Based on your feedback of 'Yes' to longer coverage for memory-care and 'No' to a refund, I’ve shown the following options.
- Base: A simple, no-refund option. Every dollar you pay goes toward care, so your yearly benefit check is large.
- Plus: Includes a refund for your family if care is never needed—along with strong benefits and the same benefit length.
- Cadillac: This stretches your benefits to last longer. It’s designed to keep paying even if you need care for many years—like in Alzheimer’s.
👉🏻 Next steps
Once you've reviewed your options, just reply to my email with the one that feels closest—Base, Plus, or Cadillac 😊—and any comments you'd like to add. I’ll then fine-tune your quotes with more specifics to match your budget, with zero commitment.
📺 Still learning?
Watch our 6-minute "unboring" video on the three biggest reasons to get 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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