Kirby,
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 with the same initial benefit 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 traditional policy offers benefits in cash and a three-year pool. It is the middle-cost three-year option.
Option B: This traditional reimbursement policy has the lowest premiums among the three-year choices. It provides the same initial benefit and benefit pool as Option A.
Option C: This traditional reimbursement policy provides a longer five-year benefit period and the largest total benefit pool. Its higher premium reflects the additional two years of coverage.
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 (10 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.