Nationwide has no choice but to price it better; regarding indexed options, we will have to review the contract upon its release. I write policies for my clients based upon what will happen, not upon what might happen.
Brighthouse hybrid?
- Thread starter yankee466
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Nationwide has no choice but to price it better; regarding indexed options, we will have to review the contract upon its release. I write policies for my clients based upon what will happen, not upon what might happen.
Well if anyone can come up with a good comparison review, I know it will be you!!!
So far, I do not know what FMO even offers it......not sure how one contracts for it, or gets access to it at this time. Crump does Brighthouse, but not that product.
Sorry for the delay, Herman, Covid gave me some free time! Here are my initial thoughts.
https://longtermcareinsurancepartner.com/blog/brighthouse-smartcare-hybrid-long-term-care-insurance-review
- Thread starter
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Thanks Jack......never been an IUL fan personally. I'll certainly stick with the main players that I am used to.
If one wanted to contract with it......do you know what FMO's might offer it these days...or are they going direct. I was never able to find anyone or anyway to even get material on the plan when I tried last year.
kpbdy99
Super Genius
- 162
IULs are confusing enough already, so let's throw in LTC riders, too. Won't touch it. Won't sell an IUL, either.
I will email you the information, Herman.
Well, Kerry, the big difference with SmartCare is unlike an IUL policy that could lapse without value, the SmartCare DB and Monthly LTC has a minimum floor guarantee. It's problem lies in the hypothetical illustrated possibility of growth of the LTC Benefits, DB, CV. And the minimum floor is just OK, but not attractive as other guaranteed options will certainly be.
From a consumer oriented perspective, the Brighthouse SmartCare illustration is an absolute convoluted mess. For consumers that are not familiar with insurance industry jargon, just figuring out the guaranteed benefits will be challenging. I think Brighthouse will need to develop a future policy design like LFG, Pac, Nationwide, Securian if it wants to issue more premium.
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