Lincoln Moneyguard III -When Just Okay Is Not Okay

[ltcadviser]

Well, it is always interesting when the reimbursement policy pricing equates to or becomes more expensive than the cash indemnity pricing.

Lincoln Moneyguard III Hybrid Long Term Care Insurance Review & Rating - LTC Partner

 

[Mr_Ed]

Well, it is always interesting when the reimbursement policy pricing equates to or becomes more expensive than the cash indemnity pricing.

Lincoln Moneyguard III Hybrid Long Term Care Insurance Review & Rating - LTC Partner

hybrids are dying.

 

[ltcadviser]

Scott, I think you are looking at the sales chart graphs upside down.

 

[Arthur Rudnick]

"Scott, I think you are looking at the sales chart graphs upside down".

OR....................................
He's looking at the chart the correct way, but he may be standing on his head.

 

[Mr_Ed]

Scott, I think you are looking at the sales chart graphs upside down.

Traditional LTCi sales are still twice the number of hybrid sales.

 

[Tahoe Ray]

Traditional LTCi sales are still twice the number of hybrid sales.

Twice the policies or the premiums?

 

[Mr_Ed]

Twice the policies or the premiums?

twice the policies.

 

[Mr_Ed]

Twice the policies or the premiums?

Most hybrid are nothing more than a free chronic illness rider on an IUL that's being sold to a 40-something. LIMRA includes those in the sales totals because they are puppets pushing the life insurance industry's narrative.

Last year only about 30,000 real hybrids were sold.
Long-term care policies sold were more than twice that.

 

[Allen Trent]

Most hybrid are nothing more than a free chronic illness rider on an IUL that's being sold to a 40-something. LIMRA includes those in the sales totals because they are puppets pushing the life insurance industry's narrative.

Last year only about 30,000 real hybrids were sold.
Long-term care policies sold were more than twice that.

Interesting. Is that really true? Are you saying they are counting the free accelleration of death benefit for chronic illness that has no defined claims method?

Or are you talking about the add on rider that is underwritten & has a charge for say a monthly 2% or 4% acceleration of death benefit for chronic?

Or both types are being counted along with true hybrid that has ADB 1st, then LTC extension of benefits.

Honestly asking, not arguing. If limra is counting all 3, that does seem a bit messed up

 

[Mr_Ed]

Interesting. Is that really true? Are you saying they are counting the free accelleration of death benefit for chronic illness that has no defined claims method?

Or are you talking about the add on rider that is underwritten & has a charge for say a monthly 2% or 4% acceleration of death benefit for chronic?

Or both types are being counted along with true hybrid that has ADB 1st, then LTC extension of benefits.

Honestly asking, not arguing. If limra is counting all 3, that does seem a bit messed up

LIMRA is counting all 3.

According to LIMRA survey for 2016:
- 47% Chronic Illness Rider (101g)
- 39% Acceleration of Death Benefits only
- 14% Extension of LTCi Benefits.

There are still far more traditional LTCi policies sold compared to Life with extension of LTCi benefits.

Also, often times the premium figures are compared in the LIMRA summaries. Comparing single premium figures to lifetime premiums is apples to oranges.