Any traditional LTC available for age 80?

Jun 12, 2019

  1. yorkriver1
    Offline

    yorkriver1 Guru

    Posts:
    1,227
    Likes Received:
    33
    My prospect could potentially qualify with one carrier prior to age 80, but has had one recent condition that requires a 6 month postpone, then the prospect will be over the carrier's issue age.

    The policy is needed to preserve assets for the spouse who is not already in a nursing home and in a spend down situation. Non traditional life and annuity options most likely won't help here. The idea from the planner is to try to save assets for the spouse not institutionalized.
     
  2. fed up
    Offline

    fed up Guru

    Posts:
    374
    Likes Received:
    202
    State:
    Virginia
    Although they have been bashed on the Forum, Bankers Life and Casualty had a short term care and long term care policy available. If still avail I would place the STC which was field underwritten and then apply for the LTC. At 80 you are certainly looking at somewhere near $1000 per month but it was available to 85. I think the STC had a cut-off at 80
     
    fed up, Jun 12, 2019
    #2
  3. Mr_Ed
    Offline

    Mr_Ed Guru

    Posts:
    2,074
    Likes Received:
    29
    State:
    New Jersey

    If you'd like help placing this case, you'll need to tell us about his/her health history.
     
    Mr_Ed, Jun 12, 2019
    #3
  4. ltcadviser
    Offline

    ltcadviser Guru

    Posts:
    2,010
    Likes Received:
    149
    Yes, Fed Up is accurate. Bankers Life.
     
Loading...