Revised LTCi Quotes for Julie and Mark D

Julie and Mark,

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

🔁 Revised quotes

I’ve put together three quotes comparable to your Base option, each with a cost of $350/month for your lifetime with three years of benefits. All include 3% annual benefit growth to help your coverage keep pace with rising long-term care costs.

🧐 My notes

All three options are strong, but option C—a joint policy from NGL—stands out for its higher benefits. It’s hard not to pick option C. 😀

Options A and B are two individual policies, so your costs and benefits will differ slightly between the two of you since women typically pay more due to longer life expectancy. Even so, the combined cost is still $350 per month.

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 Ohio is projected to cost $198,000/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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