Kenneth,
Your long-term care insurance quotes are ready.
First, please watch this short video I made for you:
🔎 Your quotes
I've provided three quotes, each with an initial benefit of $4,500 per month, to allow for an apples-to-apples comparison.
🧐 My notes
These choices use the same starting monthly benefit but take different approaches to coverage.
Option A: This policy from NGL offers the lowest premiums and reimburses eligible care expenses. The 10-year and lifetime schedules can both increase after five years, and no benefit is paid to heirs if care is not needed.
Option B: This hybrid policy provides cash benefits and the same three-year benefit period as Option A, plus a death benefit for heirs if care is not needed.
Option C: This hybrid policy offers the longest benefit period at six years, with cash benefits and a death benefit for heirs if care is not needed.
These policies provide lower annual benefits than the projected cost of care, but you can bridge the gap using personal savings and Social Security. For most people, the goal is to secure meaningful coverage rather than insure every dollar of potential care costs.
You can also adjust the benefit amount to fit your budget. For example, reducing the premium by 25% would generally reduce the benefits proportionally.
👉🏻 Next steps
Reply to my email or text with feedback or schedule time on my calendar to review these options together.
Alternatively, complete this longer health pre-screen form (15 minutes) for more clarity on your options. I’ll share your answers with insurers without your name attached to get informal feedback. This helps identify which policy is the best fit and avoids the risk of a formal decline.
Thanks,
Jesse
P.S. Still learning? See our popular blog or YouTube channel.