Long Term Care Insurance Reimbursement Option

[Tahoe Ray]

if you do the math, the people who buy the single premium hybrids are the one's who are losing.

if they use it, they lose it.
if they don't use it, they lose all the return they could have had on that money if they'd kept it themselves.

Or they pay years of LTC premiums and die, and see no return.

Like it or not, "use it or lose it" is a real concern for a lot of people and you do them a disservice by not being objective and helping them understand alternatives.

Even if you don't like the reality, most people fund these plans with checks. That means that they're not following your "invest and use the annual interest to pay for LTC" strategy.

Tyler's pic couldn't better illustrate your attitude.

You mentioned good reasons to buy hybrids. So what do you feel those are?

 

[ltcadviser]

Or they pay years of LTC premiums and die, and see no return.

Or they pay years of LTC premiums, receive a rate increase, accept insurance company offer to reduce their benefits to keep premium the same; receive a 2nd increase; reduce their benefits further. Receive a 3rd increase, cancel their policy.