Get practical insights on long-term care (LTC) and insurance for financial professionals. Share these takeaways with clients. Read past updates.
🦄 And Then There Was One...
In the coming days, National Guardian Life (NGL) will replace its flagship EssentialLTC policy with a new product, HonestLTC. While the new policy offers some welcome improvements—like more flexible monthly benefits and easier-to-satisfy waiting periods—it marks the end of an era. NGL is officially removing the option for lifetime benefits.
Why this matters: Lifetime benefits were the industry standard from the 1980s through the early 2000s. However, by the 2010s, nearly every major carrier eliminated them because the long-term risk was simply too difficult to predict with confidence. Until this recent move by NGL, two insurers still offered this “golden ticket.” Now, there is only one.
OneAmerica Asset Care stands alone as the sole provider of unlimited lifetime LTC coverage. Will they offer this indefinitely? History suggests we shouldn't count on it. Whether AI and medical advances eventually reduce the need for care or simply extend the duration of it is a gamble no actuary can perfectly price. For clients who want to take that gamble off the table entirely, OneAmerica is now the only game in town.
đź“ş In Case You Missed It
Our YouTube channel makes long-term care planning more approachable and easier to understand. In this video, I give a candid review of OneAmerica Asset Care.
❤️ Our Why
Long-term care planning and caregiving are often overlooked in the U.S., despite 70% of adults needing LTC. Our mission is to inspire action with practical, engaging guidance—empowering caregivers and care recipients to navigate LTC together.
When long-term care insurance is part of your clients’ plans, I help them evaluate their options and secure the right coverage. Learn how I can support your practice.
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