Revised LTCi Quotes for Mark and Elizabeth
Jesse Vickey
- 3 min read

Revised LTCi Quotes for Mark and Elizabeth

On this page

Mark,

Thanks for our call. Based on our conversation, I ran some revised quotes for you.


🔁 Revised quotes

I reviewed all policies currently on the market, selecting options that balance competitive pricing with extended payment periods to keep monthly costs as low as possible. I've included the two best hybrid and traditional options available. Both are priced at $5,000/year ($417/month) and include 3% annual benefit growth to keep pace with rising LTC costs. Coverage can begin at any point you need it and applies to home care, assisted living, memory care, nursing home care, and more.

💡
Should you shop around? You can—but your quotes will be the same everywhere. Long-term care insurance prices are set by the insurance companies, not by brokers. We offer all the top policies and help you find the best fit.



🧐 My notes

These two options have distinct pros and cons.

Option A: Nationwide CareMatters is a hybrid policy with a few advantages over a traditional policy. Your premium is guaranteed never to increase, benefits are paid in cash (more flexible, no receipts required), and your heirs receive a $94k refund if you never need care (more than 18 years of premiums). The tradeoff is that LTC benefits are lower than Option B.

Option B: NGL HonestLTC, a traditional policy which we discussed on our call, offers higher LTC benefits than Option A, flexibility on how benefits are shared (3-year shared pool), and premiums are waived while you're on claim. The tradeoff is that it doesn't include the features mentioned in Option A.

My thoughts: The two options are distinct. If you'd like money back if you never need care and a guaranteed premium, Option A is your choice. If you'd like the greatest LTC benefits, go with Option B.

Assisted-living in Maryland is projected to cost $201,000/year by age 80 (assuming 4% annual growth). Your options provide lower annual benefits than this projection ($90k/yr with NGL), but you can bridge the gap using personal savings and Social Security. The goal for most people is meaningful coverage, not paying every dollar.

If you'd like to adjust your annual benefits, you can adjust your premium and your benefits will change proportionally (e.g., by 25%).

Compare current and projected costs for home care, assisted living, and more in Maryland and elsewhere (I showed you this on our call). 👇

Cost of Long Term Care by State | Cost of Care Report | Carescout
Discover and compare the average cost of long term care by care facilities and state with our yearly reports.
Carescout


👉🏻 Next steps

You have a few possible next steps:

  • If you'd like to see brochures or personal illustrations, just let me know.
  • We could also schedule another time on my calendar to walk through more specifics.
  • Before you apply for any policy, I recommend completing this longer health pre-screen form (15 minutes) individually. I'll share your answers anonymously with insurers to get informal feedback before any formal application. This helps identify the best-fit policy and avoids the risk of a formal decline.

📺 Still learning?

Watch our "unboring" video on qualifying for LTC insurance or visit our website. That's me in the video.

Thanks,
Jesse

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