Looking for LTC for an 83 year old

[Coastalins]

I have a client looking for LTC for her mother. She is 83. She is in good health for her age. I don't think there is an individual or group plan option for her. Any suggestions? We are in California.

Thank you!

 

[Mr_Ed]

Re: Lont Term Care Coverage

I have a client looking for LTC for her mother. She is 83. She is in good health for her age. I don't think there is an individual or group plan option for her. Any suggestions? We are in California.

Thank you!

don't waste her time or your time.
she will most likely be declined.
if she does get approved, the amount of benefits in the policy will not be worth the incredibly high premium.

if she insists and if she has significant assets, then buy her an LTC/Annuity combo.

 

[CALTCAgent]

Re: Lont Term Care Coverage

She is 83. She is in good health for her age.

What does she take medications for ?

Any health conditions ?

Why is her daughter looking for the coverage and not her ?

 

[Coastalins]

Thank you for your responses. The daughter is concerned because her mom of course may need care in the not so far future. Says she is healthy now. I do agree that I don't think there is anything available for her. I am just doing my due diligence. Thanks again.

 

[Arthur Rudnick]

Scott,
Anyone other than MedAmerica sell at 83 in CA?

 

[Mr_Ed]

Scott,
Anyone other than MedAmerica sell at 83 in CA?

Only Medam that I'm aware of.

At that age, LTCi does NOT make sense.
If she wants something she should do an LTC/Annuity combo.
Those are the best value at that age.

 

[Coastalins]

I will look into the LTC Annuity. Thank you. Any specific carrier you would recommend?

 

[Mr_Ed]

I will look into the LTC Annuity. Thank you. Any specific carrier you would recommend?

either forethought or oneamerica.

 

[CALTCAgent]

You have to look at the age for those and health.

 

[yankee466]

either forethought or oneamerica.

Forethougth Forecare stops at age 80 as I recall...