Hi,
New to this forum and not experienced in LTC arena. I was hoping to get some advice for the following scenario although the client is on the older side so not sure if there is anything that can be done for her but thought I would see what the experts here on the forum would say. I appreciate it. By the way this is for the state of Hawaii
80 year old single Female
She currently has two Home Health Care policies from Bankers Life. And I haven't heard too many good things about them.
1st policy was issued 12/2005 which she is paying about $47/mo.
*max benefit for one period of expense of $36,500
*benefit multiplier of 730 days
*max WEEKLY benefit of $350
*elimination period of 42 days
*a waiver of premium of 90 days
*No annual increase benefit option
2nd policy was issued 10/2010 and paying $61/mo
*max benefit for one period of expense of $25,000
*benefit multiplier of 500 days
*max MONTHLY benefit of $1550
*elimination period of 0 days
*a waiver of premium of 90 days
*No annual increase benefit option
What do you all think? Should she keep this or is there anything better for her at her age? Or?
Thank you
New to this forum and not experienced in LTC arena. I was hoping to get some advice for the following scenario although the client is on the older side so not sure if there is anything that can be done for her but thought I would see what the experts here on the forum would say. I appreciate it. By the way this is for the state of Hawaii
80 year old single Female
She currently has two Home Health Care policies from Bankers Life. And I haven't heard too many good things about them.
1st policy was issued 12/2005 which she is paying about $47/mo.
*max benefit for one period of expense of $36,500
*benefit multiplier of 730 days
*max WEEKLY benefit of $350
*elimination period of 42 days
*a waiver of premium of 90 days
*No annual increase benefit option
2nd policy was issued 10/2010 and paying $61/mo
*max benefit for one period of expense of $25,000
*benefit multiplier of 500 days
*max MONTHLY benefit of $1550
*elimination period of 0 days
*a waiver of premium of 90 days
*No annual increase benefit option
What do you all think? Should she keep this or is there anything better for her at her age? Or?
Thank you
