Revised LTCi Quotes for John K

John,

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

🔁 Revised quotes

I’ve provided three quotes similar to your Cadillac option at $11,500 per year for ten years. All have guaranteed premiums, so your cost will never increase. Each includes 3% annual growth to keep pace with rising LTC costs and a refund to your heirs if you never need care. The benefit length increases from left to right, and the last row shows alternative payment options beyond the 10-year plan.

🧐 My notes

All three options are popular policies with strong benefits. While many features are similar, but one difference is how benefits are paid—either as reimbursement or as the more flexible cash indemnity.

• Choice A – Lincoln MoneyGuard offers both reimbursement and cash indemnity. The refund is larger than premiums you pay. Read our review.
• Choice B – Securian SecureCare pays benefits as cash indemnity, the most flexible approach, with coverage lasting up to 8 years. Read our review.
• Choice C – Often considered the gold standard, OneAmerica Asset Care provides lifetime benefits. It’s the one I personally purchased for my own coverage last week. Read our review.

You’ll also notice that insurers typically reduce the annual benefit amount as the benefit period grows longer. On average, people need care for about 3 years, but memory care for conditions like Alzheimer’s can extend well beyond 8 years. When selecting a policy, you’ll choose between larger annual benefits or larger total benefits.

Assisted-living in Pennsylvania is projected to cost $127,000/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. If you'd like higher annual benefits, you can increase your premium—your benefits will rise proportionally (e.g., by 25%).

👉🏻 Next steps

Once you've reviewed your options, just reply to my email with the one that feels closest—A, B, or C and I'll email the policy documents to you (no commitment).

📺 Still learning?

Watch our 7-minute "unboring" video on the features of 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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