Long term care premium options?

Aug 20, 2018

  1. fostever
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    fostever Guru

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    Are there any LTCI companies that allow a lump sum payment instead of annual, monthly, etc.? Thanks
     
    fostever, Aug 20, 2018
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  2. Mr_Ed
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    Mr_Ed Guru

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    Yes.
    Why would you want to do that?
     
    Mr_Ed, Aug 20, 2018
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  3. fostever
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    A client mentioned that as an option, like dumping $25K lump sum toward LTCI. I'm thinking the other reps he talked to were putting that in his head and it's probably in reference to a hybrid with an annuity or an IUL w/ LTCI. Before I call hm back was just wondering if other companies do it. I write Mutual of Omaha which has the IUL option and indirectly an annuity hybrid. thanks
     
    fostever, Aug 20, 2018
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  4. ltcadviser
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    Yes, National Guardian Life offers single pay on traditional policy. 10 Pay too.
     
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