LTC for Adult Children

Discussion in 'Long Term Care Insurance Forum' started by bluemarlin08, Jul 2, 2017.

  1. bluemarlin08
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    bluemarlin08 Well-Known Member

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    If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
     
  2. Tahoe Ray
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    Tahoe Ray Well-Known Member

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    Are they worth more than 11+ million, because if not it is unlikely to matter.
     
  3. yankee466
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    yankee466 Well-Known Member

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    Can you buy a hybrid in your 80's? Do not know of any that go that high......and even if so, how healthy can you statistically be? Hybrid = MG, PacLife, StateLife, Nationwide, ForeCare, etc. Unless of course you meant the kids would be the insured.....and their grandchildren would be beneficiaries. :-)
     
  4. ltcadviser
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    ltcadviser Well-Known Member

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    Yes, Herman, State Life underwrites to age 84 on its hybrid annuities with LTC COB rider.
     

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