What Would You Suggest?

Discussion in 'Long Term Care Insurance Forum' started by bluemarlin08, Mar 28, 2017.

  1. bluemarlin08
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    bluemarlin08 Well-Known Member

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    Client an attorney like the lifetime State Life product for 300,000 or 400,000. Attorney want s to look at this for himself and other clients.
     
  2. Mr_Ed
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    Mr_Ed Well-Known Member

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    $300K single premium??????????
     
  3. bluemarlin08
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    bluemarlin08 Well-Known Member

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    Yes, they keep 1,000,000 in checking.
     
  4. Mr_Ed
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    Mr_Ed Well-Known Member

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    i hope that when i have that kind of money that i don't do dumb things with it.
     
  5. ltcadviser
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    ltcadviser Well-Known Member

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    I just wrote 2 cases for about $200,000 single pay each and based upon the location of each client in the Northeast US we easily could have justified 50% more benefit.
     
  6. bluemarlin08
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    bluemarlin08 Well-Known Member

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    For those folks that claim that they plan to self fund this product is really a no brainer. Especially those folks that have said they would be interested in a product that would cover a long tail claim. The problem, IMO, is to get these folks to stop for a minute and really review the concept.
     
  7. CALTCAgent
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    CALTCAgent Well-Known Member

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  8. pfg1
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    pfg1 Well-Known Member

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    Agree, some great product options for them from state. And rather than having that money sitting there doing nothing, why not leverage some protection instead.
     
  9. brittanibutton
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    You could take a look at National Guardian Life's EssentialLTC plan. It's a tax-qualified plan that you can set-up as a single or 10 pay. According to the underwriting guide, diabetes or epilepsy shouldn't be an issue.
     
  10. ltcadviser
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    ltcadviser Well-Known Member

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    Sure could, but Asset Care is similarly priced to Essential LTC. For only 10% premium differential on a single pay, Asset Care will provide the client with a paid-up life insurance policy for Return of Premium purposes. And it is a monthly reimbursement rather than daily.
     

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