Why Consider Asset Based Long Term Care Plan?
Short Answer—Guarantees With the turmoil in the industry, up and down markets, rate increases and product changes in Long Term Care, what we want is certainty and guarantees especially when it come to health care costs. Asset based Long Term Care options; whether in the form of life insurance or annuity based plans that attach long-term health care benefits, can offer an alternative to traditional Long Term Care that can be more appealing in many circumstances. Look at some of the following reasons: • Protects against fear of having future rate increases • If you don’t need long term care, you don’t lose your money • Protects your estate should the worst case scenario occurs • Easily leverage current “self insure” fund (or emergency funds) to provide lifetime benefits • Duel purpose plans are appealing- combine life insurance or annuity benefits with lifetime Long Term Care protection • Guarantees- Investment Return rate guarantees • Benefit rate guarantees • Inflation protection inclu
