LTCi Quotes for Mark and Jo

Mark and Jo,

I’ve included a few preliminary quotes to give you a sense of potential coverage and costs. After we discuss your priorities, I can refine these with more precise options.


🔎 First draft quotes

I included two individual hybrid policies (Nationwide CareMatters) and one joint traditional policy (NGL HonestLTC) with multiple payment options. Each starts with $5,600/month in benefits. The three policies on the left provide three years of benefits, while the three on the right provide five years. See my notes below for additional context.

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The key decision most people make is whether they prefer the lower cost of a traditional policy or the flexibility, refunds, and premium guarantees of a hybrid policy.

🧐 My notes

I chose these policies to illustrate the differences between two common types of long-term care coverage.

Hybrid policy (Nationwide) – Higher total cost (when the two individual policies are combined), but benefits are paid as cash indemnity, which offers more flexibility. Premiums can never increase, and if you never need care, your spouse or heirs receive a refund of the premiums.

Traditional policy (NGL) – Lower total cost, but benefits are paid as reimbursement (you submit receipts for care). Premiums can increase after five years, and there is no refund of premiums to heirs.

If you would like to increase or decrease your monthly benefits, the premium can be adjusted accordingly and the benefits will change proportionally (for example, by 25%).


👉🏻 Next steps

Schedule a call so we can discuss your goals and address any questions. After we talk, I can provide updated, personalized quotes with more specific details.

📺 Still learning?

Read posts on our popular blog or watch videos on YouTube channel.

Thanks,
Jesse

Jesse Vickey at Long Term What?
Schedule a call or 720-263-2188