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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    Any traditional lifetime policies available?
     
  2. Mr_Ed
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    Mr_Ed Well-Known Member

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    NGL has an unlimited benefit period.
    For those states where NGL is not approved, isn't 1M of shared benefits enough coverage? especially in a DRA Partnership state?
     
  3. ltcadviser
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    ltcadviser Well-Known Member

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    Jump in Scott. The water is warm.
     
  4. Mr_Ed
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    Mr_Ed Well-Known Member

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    I will pass on single premium hybrids.
    Thanks anyway.
     
  5. ltcadviser
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    ltcadviser Well-Known Member

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    Then i guess u didn't write $900,000 in premium today?

    Jump in Scott. Our market has changed over the past 20 years. Being open to different options might be helpful.
     
    Last edited: Apr 12, 2017
  6. Mr_Ed
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    Mr_Ed Well-Known Member

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    congratulations, Jack.
    I'm sure the insurance executives love you.
     
  7. ltcadviser
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    ltcadviser Well-Known Member

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    Consumers have made the decision to buy hybrid LTC policies, whether single pay, flex pay, annual pay. The car has left the garage. It is on the interstate and halfway to Caifornia. Either hitch a ride or keep walking. The air conditioning feels good Scott. I suggest you get in the car.
     
  8. pfg1
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    pfg1 Well-Known Member

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    I sold one recently, my client was super happy. For her, the life hybrid was a perfect fit.

    Congrats on your sale LTC...that is a big one. Was it life hybrid or annuity hybrid? I'm guessing multiple policies? Great job regardless. :yes:
     
  9. bluemarlin08
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    bluemarlin08 Well-Known Member

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    What are advantages of life/ltc and annuity/ltc?
     
  10. ltcadviser
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    ltcadviser Well-Known Member

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    Yes, multiple policies: 170, 179, 150, 100, 100, 92, 89, 50.

    This is evidence as to where the marketplace is today.

    I like hybrids.
    I like traditional LTC
    I like term life
    I like disability insurance

    There are many good policy choices for different needs and life stages.
    Just have to help people obtain what they want and need.

    ----------

    Hybrid policies are essentially long term care insurance policies with fixed costs and Return of Premium.

    some people (many) are attracted to these 2 attributes.

    The hybrid life/ltc policies (Lincoln, State Life, Pac Life, Nationwide) are generally much better values than the annuity based policies (Forethought/Global Atlantic, et al).
     

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