Long Term Care Insurance Reimbursement Option

Nov 13, 2018

  1. Tahoe Ray
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    Tahoe Ray Guru

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    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?
     
  2. ltcadviser
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    ltcadviser Guru

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    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.
     
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