Revised LTCi Quotes for Susann and Joe

Susann and Joe,

I updated your long-term care insurance quotes based on our call.


🔁 Revised quotes

I've provided two quotes for Nationwide CareMatters Together with a payment schedule of $1,000/month to age 100.

🧐 My notes

Below are a few additional notes from our last conversation, along with a couple items I may not have mentioned:

  • Correction: Nationwide CareMatters Together waives the full premium if either of you goes on claim. The individual CareMatters policies only waive the LTC portion of the premium.
  • On Susann’s birthday, premiums increase about 2.5%. On Joe’s birthday, premiums increase an additional 2%, for a total increase of about 4.5%.
  • With the joint policy, the death benefit is paid to heirs after the second death.
  • This policy has two underwriting classes, Preferred and Standard. If you don’t qualify for Preferred, we may want to revisit some alternative options.

I included the 4-year benefit period to show how much higher your initial benefits would be.

If I were in your shoes, I'd probably choose option A with the 6-year period for the higher total benefits.

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


👉🏻 Next steps

I received your longer health pre-screens and I expect to hear back by the middle of next week.

Thanks,
Jesse

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