Guaranteed Premium LTCI: A Thing Of The Past?

[Prouddad]

I sell exclusively in California. I'm concerned about Guaranteed Renewable LTCI policies that could raise their premiums so high that policyholders won't be able to keep them when they need them the most.

Do any of you know of a highly rated carrier that still offers a 10, 15 or 20-Pay LTCI plan where the rates won't increase after you've paid the policy off?

If so, will you please tell me which carriers still offer this kind of LTCI?

 

[VolAgent]

Once a policy is paid up, it is paid up. You buy a 10 pay, they can do whatever they want, after 10 years you never pay again. They could triple the rates on their in-force or new business, it makes no difference to the guy who has already made his ten years of payments.

 

[billyg]

I sell exclusively in California. I'm concerned about Guaranteed Renewable LTCI policies that could raise their premiums so high that policyholders won't be able to keep them when they need them the most.

Do any of you know of a highly rated carrier that still offers a 10, 15 or 20-Pay LTCI plan where the rates won't increase after you've paid the policy off?

If so, will you please tell me which carriers still offer this kind of LTCI?

I know Genworth has a 10 pay policy.