Stand Alone Indemnity Plans.

Apr 16, 2019

  1. Lloyds of Lubbock
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    Lloyds of Lubbock Super Genius

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    I will check that out, thank you... but they do care about indemnity or at least their lawyer does.
    It seems out with an aging population it is odd that it would be priced best here.
     
  2. ltcadviser
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    ltcadviser Guru

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  3. Mr_Ed
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    Mr_Ed Guru

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    It takes a special kind of logic, only found in the minds of insurance agents, to think that it makes sense to give a lot of cash to an insurance company just so they can give you your cash back to you if you need long-term care.
     
    Mr_Ed, Apr 19, 2019
    #23
  4. ltcadviser
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    ltcadviser Guru

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    We get it Scott. You harken back to the days of selling CNA LTC policies with $68 monthly premiums, recording Magnum P.I. on your betamax, and calling 900 numbers to get late night NBA score updates.

    It’s 2019. Long term care planning is comprised of many different solutions today. Come be a part of it.
     
  5. Mr_Ed
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    Mr_Ed Guru

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    Can anyone say, "Non Sequitur"?
     
    Mr_Ed, Apr 20, 2019
    #25
  6. ltcadviser
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    ltcadviser Guru

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    Ummm, you get your cash back not only if you need ltc but also if you don’t need long term care too.

    You also always want to ignore the Extension of Benefits Rider contractual component and the Inflation Protection component with all of your arguments.

    Every financial advisor in the US is wrong. Scott is right.

    Cue the follow up post of Scott’s blog stating *never to combine life insurance with LTC insurance. 3,2,1...
     
  7. Mr_Ed
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    "Ummmm" is one of the classic tells of cognitive dissonance.
     
    Mr_Ed, Apr 20, 2019
    #27
  8. ltcadviser
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    ltcadviser Guru

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    Ummmm, you are right Scott. I have mental discomfort from submitting applications for these popular policies to underwriters to have significant LTC benefits issued to them in the event of needing care such that their assets are protected and their family members do not have to be burdened.
     
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