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LTC Insurance Quick Quote
Often
the
first
thing
people
want
to
know
about
long
term
care
insurance
is "how
much
does
it
cost?" Since many people
are
just
learning
about
long
term
care
insurance
we
put
together
this
page
explaining
what
an
average
policy will
cost.
Your
premium will be determined by your
age when you take out the policy, your health,
state of residence, and the benefits you
choose.
Do you want a deductible or a co-pay, if so how much? Do you want to pay every year
or by quarter and do you want to pay over your lifetime or for a fixed pay period
like 10 years to have a paid up policy? Is international coverage important?
The
sample below is based on
an average plan. You can
choose entirely different
benefits than the sample
shown.
To get an idea of what it would cost you, look at your age in the chart below, The chart shows the rate for a single person. If you are married, have a partner, or are sharing expenses with someone, then see Discounts.
The premiums shown are based on a basic policy with average benefits. You pick your plan benefits based on affordability and potential care needs. You can Email or call us if you have any questions.
SAMPLE PLAN:
Single
Person Rate
Daily
Benefit Pay Out: $150 a day
Benefit
Period: 3 year
Elimination
Period: 90 day
Health
Rate: Standard
Inflation
Protection: type indicated (C, S, X)
No
discounts.
No
riders.
Premiums may be different for your specific age, health,
benefits, or state of residence.
|
|
Monthly
Premium
|
|
Age
|
40
- C
|
45
- C
|
50
- C
|
55
- C
|
60
- C
|
60
- S
|
65
- C
|
65
- S
|
70
- S
|
70
- X
|
75
- S
|
75
- X
|
|
|
145
|
151
|
159
|
191
|
235
|
170
|
302
|
242
|
386
|
256
|
638
|
469
|
|
.
|
|
|
Annual
Premium
|
|
Age
|
40
- C
|
45
- C
|
50
- C
|
55
- C
|
60
- C
|
60
- S
|
65
- C
|
65
- S
|
70
- S
|
70
- X
|
75
- S
|
75
- X
|
|
|
1650
|
1725
|
1800
|
2175
|
2686
|
1936
|
3451
|
2761
|
4411
|
2926
|
7291
|
5356
|
Age - C = Compound Inflation Protection
Age
- S = Simple Inflation Protection
Age
- X = No Inflation Protection
|
Inflation
protection increases the daily benefit annually.
Example:
Daily benefit starting at $150/day with a 3-year (1095
day) plan.
Does not require an increase in premium.
|
|
Compound
Inflation Protection
|
Simple
Inflation Protection
|
| Years |
Daily Benefit |
Benefit Account |
Years |
Daily Benefit |
Benefit Account |
| 1 |
$150 |
$164,250 |
1 |
$150 |
$164,250 |
| 7 |
$211 |
$231,045 |
7 |
$202 |
$221,190 |
| 10 |
$244 |
$267,180 |
10 |
$225 |
$246,375 |
| 15 |
$311 |
$340,545 |
15 |
$262 |
$286,890 |
|
DISCOUNTS
Residential 15% - if one applies or one is approved.
Couples 20%+ - if two apply and two are approved.
HEALTH RATING
Class
1, 2, Standard, Preferred.
Preferred
health discount 10%, eligibility determined by underwriter.
Other Options
For couples Survivorship Benefit, Shared Benefits
Home Care Elimination Period Waiver
Payment frequency: companies will charge extra to pay more frequently than annual. Some like the convenience of a monthly automatic payment.
If you cannot afford LTC insurance
how are you going to afford $6,000 or more a month out
of pocket for care?
You
can see it's cheaper to buy when younger. The risk of
waiting is not only the higher premiums when you're older,
you may not health qualify. The
premium will be the same from us or another agency.
The
first step is to see if you qualify. We provide current
quotes from all the top companies. Our
advisors
are here to assist you in picking the best policy for your
needs.
The best investment is one that you
do not have to think about. Long term care insurance
will provide you with income and asset protection ...
and peace of mind.
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