Nationwide-Care Matters

Discussion in 'Long Term Care Insurance Forum' started by Arthur Rudnick, Apr 27, 2017.

  1. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    originally posted by yankee466

    I was told that they do a 1 hour PHI and go for an MIB/Rx report. There are 2 or 3 rate classes.

    From app to issue is 2 weeks or less.
     
  2. bluemarlin08
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    bluemarlin08 Well-Known Member

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    When compared to a one time premium, The One America products just stand way out. Have a case I net with lawyers today and they agreed as well. Just not enough bang for the buck. Are there any indemnity straight LTC poilicies anymore. I remember long ago Pru was.
     
  3. Mr_Ed
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    Mr_Ed Well-Known Member

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    I never thought it was worth spending more $ for indemnity vs. reimbursement, especially since indemnity was usually priced MUCH higher than reimbursement.

    Only indemnity available today are paid as percentages of monthly benefit:

    50% (LifeSecure)
    40% (Mutual of Omaha)
    33% (Transamerica)
     
  4. ltcadviser
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    ltcadviser Well-Known Member

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    Indemnity was only priced 10% higher by Met Life circa 2002-2005.
     
  5. Mr_Ed
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    Mr_Ed Well-Known Member

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    not the cash product. The cash product was priced about 25% more.
    The policy that cost only 10% more was the "value" policy with the indemnity rider. But the indemnity rider still required the insured to incur paid services from a home care provider each day in order to receive the full daily benefit.
     
  6. ltcadviser
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    ltcadviser Well-Known Member

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    Oh yes, that is right.
     
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