During a recent call, I was asked to pick out the “best” LTC product that we offer. I explained that wasn’t possible because my answer would depend on a number of factors, and without having those details I couldn’t recommend the “best” plan.
As you’ll see, there are many factors including:
Use the experience of The Ohlson Group to do the legwork. We’ll make recommendations that make sense for your clients, based on their individual situation and desires.
While every effort is made to find the “best” option, there really isn’t a bad long-term care policy because having some sort of protection is better than not having any at all.
Call The Ohlson Group today to start the conversation about protecting your client’s legacy with long-term care coverage.
As you’ll see, there are many factors including:
- What is the funding source for the premium?
- Cash?
- 1035 exchange from an existing life insurance or annuity policy?
- Qualified funds?
- How do the clients want to pay premiums?
- Single premium?
- Payment schedule?
- How many years?
- Combination of Both?
- What is the health of the client(s)?
- Some insurance carriers are more favorable than others for certain medical conditions. If uncertain that the client can obtain coverage, we can consult with an underwriter beforehand.
- What is the age of the client(s)?
- Certain options are not available at all ages.
- Some options, like inflation, may not be advisable at certain ages.
- Does a joint policy make sense?
- It’s a more cost-effective way of providing coverage for spouses or domestic partners.
- Spouses can be included to receive benefits even if funding with annuities or qualified funds from only one of the two.
- How long do the clients want benefits to last?
- A specified duration with a pool of benefits?
- For as long as needed (lifetime) with unlimited benefits?
Use the experience of The Ohlson Group to do the legwork. We’ll make recommendations that make sense for your clients, based on their individual situation and desires.
While every effort is made to find the “best” option, there really isn’t a bad long-term care policy because having some sort of protection is better than not having any at all.
Call The Ohlson Group today to start the conversation about protecting your client’s legacy with long-term care coverage.
 | Until next time... good selling! Sheryl Ruiz, CLTC Marketing Consultant The Ohlson Group 877-844-0900 ext. 233 Book a time to chat with Sheryl |
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