Revised LTCi Quotes for Robert and Carol G

Robert and Carol,

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

🔁 Revised quotes

I’ve prepared three quotes similar to your Base option, each with lifetime premiums of $8,000/year combined (about $670 per month). Premiums stop once you begin receiving care, and all include 3% annual growth to keep benefits aligned with rising long-term care costs.

🧐 My notes

All of your policies are strong choices with similar designs. Based on your quotes, I'd probably go with Choice C due to the higher benefits. You can read reviews on Mutual of Omaha MutualCare, Thrivent Standalone, and NGL EssentialLTC for some nuances between the three.

All three policies include lifetime premiums, meaning you pay each year for life—but payments stop once you begin receiving care. While insurers technically can raise rates in the future, it’s highly unlikely. These policies are conservatively priced, and carriers have decades of data to help them set stable premiums.

Assisted-living in New Jersey is projected to cost $234,000/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 or text 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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