LTCi Quotes for Zach

Zach,

Your long-term care insurance quotes are ready.

First, please watch this short video I made for you:

 

 

🔎 Your quotes

Each of these three options use a one-time premium and solve for the benefit.

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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

I shared these three options to illustrate the range of choices available. As a general rule, if you increase or decrease the premium by a certain percentage, the benefits will change by roughly the same percentage.

Option A: Securian offers the best international benefits and, at 8 years, the longest benefit periods available short of OneAmerica’s lifetime option in Option C. I’ve illustrated this option with 3% compound benefit growth so you can compare it directly with Option B. Securian allows a one-time premium of up to $500,000.

Option B: This is the same Securian policy as Option A, but with 5% compound benefit growth. Because the premium is the same, the tradeoff for the higher growth rate is a lower initial benefit. Over time, however, the 5% benefit grows faster and surpasses the 3% option at approximately age 89.


Option C: OneAmerica requires a lower $250,000 single premium here, with a maximum contribution of approximately $275,000, and provides lifetime benefits. Its international benefits are less robust than Securian’s, and benefits are generally paid on a reimbursement basis, which offers less flexibility. I included it because lifetime coverage provides a useful contrast to Securian’s higher initial benefits and stronger international coverage.

Compare these benefits with projected care costs and the personal savings or other income you would want to use toward care.

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

 

 

👉🏻 Next steps

Reply to my email or text with feedback or schedule time on my calendar to review these options together.

Alternatively, complete this longer health pre-screen form (10 minutes) for more clarity on your options. I’ll share your answers with insurers without your name attached to get informal feedback. This helps identify which policy is the best fit and avoids the risk of a formal decline.

Thanks,
Jesse

P.S. Still learning? See our popular blog or YouTube channel.