Optional Benefits // May 29, 2012
There are three incarnations of Return of Premium, and each company selling Long-Term Care Insurance coverage will offer at least one:
Full Return of Premium
1) Return of Premium, often referred to as “full return of premium,” will give your beneficiary a death benefit equal to the sum of your LTC premiums paid over time.
LTC Terms // May 23, 2012
Socrates once said “the beginning of wisdom is the definition of terms.” If you’re just starting to learn Long-Term Care Insurance, the terms can be overwhelming. The signal-to-noise ratio of sites offering advice is terrible and getting worse.
Overview // May 10, 2012
Benefit Periods are commonly misunderstood when comparing Long Term Care Insurance. The first mistake most clients make is in assuming that when you buy a set number of years, you are actually buying a finite time period. You are not.
The Benefit Period is simply a multiplier. For example, 2 years is 730 days.
Products // May 4, 2012
To get ballpark figures of how much Long Term Care Insurance Costs, check out our Online Calculator.
Federal Employees have access to a great Long Term Care program called the FLTCP 2.0. This plan is administered by John Hancock and provides a simple Long Term Care plan for Federal employees and their spouses.
Overview // May 1, 2012
The statistics presented here are culminated from 37 years of Long Term Care Claims, and over 162,700 claims paid. Our dataset represents over $7.7 billion dollars in benefits paid through the end of 2011, or about $48,000 per claim on average.