Critical Care Rider Vs True LTC Rider on UL

[jmhalvo]

First time running into this. Can someone please explain the main diffs? To me it seemed to be that the CCR needed a "lifelong" condition for it to trigger. What else?

 

[Tahoe Ray]

First time running into this. Can someone please explain the main diffs? To me it seemed to be that the CCR needed a "lifelong" condition for it to trigger. What else?

I discuss a comparison between two "true LTC" riders and PICnic goes into detail and has a great spreadsheet on the other types.

http://www.insurance-forums.net/forum/life-insurance-forum/gul-long-term-care-rider-t58963.html

 

[jmhalvo]

thank you. How would you describe the diff? I guess I could get that Genworth piece that was mentioned....

 

[Tahoe Ray]

thank you. How would you describe the diff? I guess I could get that Genworth piece that was mentioned....

Are you in competition w/ someone or are you making the recommendation? What product are they proposing?

 

[jmhalvo]

I found my answer here on another site. Anyway, I had quoted Nationwide with true LTC. The client was told by Edward Jones that theirs was also true LTC. But it was not, and now she is quite annoyed...it was not ethical.