A recent survey shows that as many as 70% of Americans will require long-term care at some point in their lives. We can help you offer a solution to this financial concern add long-term care (LTC) rider to their life policy. Clients in their 40s and 50s buying Life Insurance policies today with an LTC rider may not even activate that rider for another 20 or 30 years, so having an increasing LTC monthly benefit provides great value.
Here are three types of LTC riders
1. A Stand Alone Long Term Care (LTC) insurance policy
2. An Annuity with LTC Benefit
3. A life insurance policy with an LTC rider or accelerated death benefit, also known as a Hybrid Life Insurance Policy
There are some life products available that allow your clients to invest the premiums you pay for long-term care and apply them towards a fixed income while providing higher payouts should you require long-term care.
There are pros and cons to each of these, so it is impotent t to have me help you identify which one would be best for your client.
The Ayres Insurance Agency offers a wide variety of insurance products, including
car,
home,
life, and
business insurance. We are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for
auto insurance,
home insurance,
life or
business insurance, we can help you obtain the best coverage available with the lowest rate possible.
All of us at Ayres Insurance Agency truly value the long term relationship with our clients, and are proud to give families, individuals and businesses the personal attention required when it matters most. When claims arise, we realize that it can be very stressful and will do everything possible to assure timely and complete recovery.
