LTCi Quotes For Michael G and Brooke K

Michael and Brooke,

I'm pleased to offer three customized long-term care insurance (LTCi) quotes that provide meaningful coverage.

Comparison table

🧐 Quote jargon

• You pay: Once all payments are made, your benefits stay available anytime in your lifetime. Increase or decrease your payments, and benefits adjust by the same percentage.
• Benefit growth: Your benefits grow each year at this rate to help keep up with rising LTC costs
• Benefit years: Once you qualify, benefits can begin right away and last up to this number of years
• Annual benefits: The max amount you can receive each year; the chart shows benefits at age 80 as an example
• Total benefits: The full amount available if you need care every year for the full benefit period
• Life insurance: Paid to your heirs if you never need LTC
• Payout method: Cash lets you use funds however you choose; reimbursement requires receipts
• Pay options: Shorter payment schedules give you more benefits (but cost more per year)

Graph of benefits

This graph shows how your benefits would compare to expected LTC costs in your state if you needed care at age 80. Click any policy name or line for more detail.

My notes

I chose these policies based on your feedback.

Memory care: Unsure

Unsure.  Longer than what? What's standard?  What's the difference in expense and benefits?

Alzheimer’s care often lasts over 8 years—well beyond the typical 3-year average. If your goal is to cover the most likely need, a 4-year benefit period may be enough. I chose policies with mid-range benefit periods of 6 years.

The NGL policy has a lower annual benefit, but it includes a shared care rider that creates a third pool of money. This can help your total coverage stretch beyond 6 years each.

Refund: Unsure

Unsure. I assume this adds to the expense of the policy?  It sounds great, but if it materially adds to the policy, I'd like to compare the difference in expense.

Some policies include a life insurance refund if you never need long-term care—so your heirs can receive most or all of the money you paid as an inheritance. I included two policies with this life insurance feature and one without.

Since you’re both younger than the typical LTCi buyer (average age is 55), adding life insurance tends to be more affordable, and I’d recommend including it.

Smaller payments: Unsure

I think my answer is yes, but I don't know what the alternatives are.

At the bottom of the table, you’ll see a row showing alternative payment options for each policy. Spreading payments over many years can ease the strain on your budget, but it does increase the total cost over time. I chose mid-range payment periods to strike a balance between affordability and overall cost.

LTC costs in Washington
The graph shows your benefits are below your projected long-term care costs—but that doesn’t mean you’ll have to pay the difference out of pocket. Assisted living often includes housing and meals, which may replace expenses you’d otherwise be paying for housing or food. Other income, like social security, or assets can help bridge the gap.

Next steps

You’re asking great questions. As you’ve noticed, these policies are highly customizable. Most people start by choosing one or two priorities—like wanting life insurance, being okay with a shorter benefit period, or preferring to pay more up front to boost benefits—and then I can fine-tune quotes from there.

Often a quick call is the easiest way to sort through the options. We can price different features on the spot and talk through what matters most to you.

Want to talk about your options? Just reply or grab a time for a quick call here. Zero sales pressure.

Thanks!
Jesse