ASSET BASED LONG-TERM CARE INSURANCE

Asset Based long term care products are “hybrid” plans that combine an annuity or life insurance plan with a rider that provides long-term care insurance protection.
There are different plans to fit different needs, some with return of premium if benefits are not used. 

Some options include:

• The original asset based long-term care (LTC) solutions, protects against the risk of LTC expenses and provides a wealth-transfer mechanism through the use of specially designed whole life insurance policies.
 
• An annuity that allows access to cash value for qualifying LTC expenses with a higher credited interest rate for those funds.  Perfect for those individuals with fair health and good wealth, who are not currently protected against catastrophic long-term care costs. 

• An immediate annuity with unique features specifically designed for individuals who are about to be, or are already in a long-term care setting.   Designed to help manage for family assets of uninsurable people who waited too late to purchase LTC insurance.   A non-LTC insurance solution to help limit the losses to an estate.