Revised LTCi Quotes for Cathy and Duane

Cathy and Duane,

Good news. Your revised long-term care (LTC) insurance quotes are ready.

🔁 Revised quotes

I’ve provided three hybrid quotes, each funded with a one-time $200k premium, with additional payment options listed below the table. All include 3% annual growth to help benefits keep pace with rising LTC costs, and I’ve highlighted the rows we discussed on our call.

💵 Payment options

As I mentioned on the phone, each policy has a few payment options.

Nationwide CareMatters Together

Securian SecureCare

For Cathy

For Duane

OneAmerica Asset Care

🧐 My notes

All three options are strong. Each includes a refund to your heirs that is roughly equal to the total premiums paid if you never need care, except for Option C.

Option A: This joint Nationwide CareMatters Together policy provides 8 years of shared benefits. It offers higher annual benefits, but the refund is not paid until both of you have passed away.

Option B: These are two individual policies from Securian. Each of you receives 6 years of benefits that are not shared. Annual benefits are slightly lower than Option A, but total potential benefits and the refund amount are higher.

Option C: This joint OneAmerica Asset Care policy is what I consider the gold standard for coverage. I personally purchased this policy for my wife and me. It offers lifetime benefits, which is especially valuable for long-duration claims such as Alzheimer’s or other memory care needs. The refund is lower than Options A and B, which helps support the richer lifetime benefits.

Big picture: If your priority is extended benefits to protect against long-term memory care costs, I would lean toward Option C. If you prefer a more balanced approach between long-term care benefits and a potential refund, I would lean toward Option B.

Assisted-living in New Hampshire is projected to cost $154,000/year in 15 years (assuming 4% annual growth). Your options provide lower annual benefits than this projection, 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—your benefits will change proportionally (e.g., by 25%).

👉🏻 Next steps

If any of these policies look appealing, I'd recommend you schedule time on my calendar for another call so we can review the options together and address any questions you may have.

📺 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