Advisors create a game plan to prepare clients for this retirement expense

May 23, 2019

  1. Northeast Agent
    Offline

    Northeast Agent Guru

    Posts:
    726
    Likes Received:
    444
    State:
    Pennsylvania
    Advisors create a game plan to prepare clients for this retirement expense

    Also be aware that “chronic illness” riders are different from those for LTC.

    “It’s contingent upon your condition being permanent,” Fibiger said. “Long-term care riders are less restrictive.”

    Not all advisors are sold on these hybrid policies.

    “We’re highly skeptical of the sustainability of the hybrid model,” Brennan said. “There’s not a ton of data out there about whether those paying strategies work over time across a large data sample.

    “I think it’s not something we’d ever advise someone to rely on solely,” he added.
     
  2. ltcadviser
    Offline

    ltcadviser Guru

    Posts:
    2,035
    Likes Received:
    163
    The issue is whether the advisor/client uses the right hybrid model and obtains the proper amount of LTC benefit within the model.

    Many hybrid life insurance policies with ADB LTC or chronic illness riders provide zero inflation protection and these hybrid policy types certainly will not work well for LTC planning. Consumers and advisors are wasting their time with these.

    The linked benefit hybrid LTC policies with inflation protection (OneAmerica Asset Care, Lincoln Moneyguard, Securian SecureCare, Nationwide CareMatters, Pacific Life PremierCare) can work as well as traditional LTC policies.
     
  3. Northeast Agent
    Offline

    Northeast Agent Guru

    Posts:
    726
    Likes Received:
    444
    State:
    Pennsylvania
    Many hybrid life insurance policies with ADB LTC or chronic illness riders provide zero inflation protection and these hybrid policy types certainly will not work well for LTC planning. Consumers and advisors are wasting their time with these.

    The linked benefit hybrid LTC policies with inflation protection (OneAmerica Asset Care, Lincoln Moneyguard, Securian SecureCare, Nationwide CareMatters, Pacific Life PremierCare) can work as well as traditional LTC policies.


    Thank you for the synopsis.