Every day, some people are forced to drain their retirement accounts to pay for Long Term Care expenses, because they were declined or too highly rated for a LTC Policy.
Life Insurance with “Living Benefits” may provide a solution: Your clients may be eligible to have up to $120,000 / year paid directly to them if they are unable to perform 2 of 6 ADLS or have a Cognitive Impairment.
- 0 Day Elimination Period
- Premiums are waived while on claim
- Underwriting based on mortality only
I have helped clients that have following conditions:
- Rheumatoid Arthritis
- Type 1 Diabetes
- Bipolar Disorder
- Sleep Apnea
- Coronary Heart Disease
Case Study: Female, age 60, with Rheumatoid Arthritis previously Declined for a standalone LTC policy, Approved Standard with Full Rider Benefits.