Stand Alone Indemnity Plans.

[Lloyds of Lubbock]

My office does not do any LTC.
A client asked about it.
Does anybody offer a stand alone LTC plan in the state of Florida.
Thanks.

 

[mcguiremc]

MOO has one.

 

[Mr_Ed]

MOO has one.

ughh... it's not an indemnity plan. only 40% of the monthly benefit can be paid as an indemnity plan. reimbursement works. why would anyone need an indemnity plan.

 

[ltcadviser]

MOO has one.

No, as Scott mentioned Mutual of Omaha has 30% cash on its Secure Solution policy in FL; and 40% cash on its Custom Solution policy in FL. MOO also has increased rates for FL residents compared to its rates in the other 49 states. So, its is not a good bargain.

To get 100% cash indemnity you will need to look at the Securian SecureCare linked benefit policy or the Nationwide Care Matters linked benefit policy. The Securian policy is better.

 

[Mr_Ed]

No, as Scott mentioned Mutual of Omaha has 30% cash on its Secure Solution policy in FL; and 40% cash on its Custom Solution policy in FL. MOO also has increased rates for FL residents compared to its rates in the other 49 states. So, its is not a good bargain.

To get 100% cash indemnity you will need to look at the Securian SecureCare linked benefit policy or the Nationwide Care Matters linked benefit policy. The Securian policy is better.

also known as, "let me give the insurance company my cash so that they can give me my cash back."

 

[ltcadviser]

also known as, "let me give the insurance company my cash so that they can give me my cash back."

Maybe if you would speak more to high net worth clients you will realize they do not care about repositioning an amount of money such as $80,000, $100,000 or $150,000. They actually like the concept, the guarantees, and the leverage.

 

[Mr_Ed]

Maybe if you would speak more to high net worth clients you will realize they do not care about repositioning an amount of money such as $80,000, $100,000 or $150,000. They actually like the concept, the guarantees, and the leverage.

to get a "cash benefit" repositioning doesn't make sense.
keep your cash.
then use your own cash in combination with an LTCi policy.

 

[ltcadviser]

to get a "cash benefit" repositioning doesn't make sense.
keep your cash.
then use your own cash in combination with an LTCi policy.

For the rest of America and financial advisors, linked benefit policies are LTCI policies. Just not in MrEdWorld. Jump in. The water is warm.

 

[Lloyds of Lubbock]

Well, thank you for all the information.
Greatly appreciated.

 

[Mr_Ed]

For the rest of America and financial advisors, linked benefit policies are LTCI policies. Just not in MrEdWorld. Jump in. The water is warm.

cash value life insurance is as unsexy today as it's always been.