LTC Video Library

Hypothetical Example of a Life-Based “Hybrid” LTC Product

Premium of $10,000 per year for 10 years, 60 year old male,

3% compound inflation, 6 year initial pool of LTC benefits

One of the advantages Life Based Hybrid LTC insurance is that this plan will always pay a benefit. The plan builds a pool of LTC benefits if you need it, pays a death benefit or provides a money back guarantee. These plans also often provide a guaranteed minimum residual death benefit should you use all of your LTC pool. So whether you have an LTC claim, decide in the future this isn’t the right protection for you or die before you use benefits, hybrid products always provide you with a benefit.

Leverage on Long-Term Care Premiums

Total Premiums Paid
Over 10 years = $100,000

$10,000 per year x
10 Years

Day 1
More than 3.4x Total
Premiums Paid for
Long-Term Care

Day 1 Total Long-Term
Care Benefits =
$340,000

$4,382 Monthly
Long-Term Care Benefits

Age 80
More than 6x Total
Premiums Paid for
Long-Term Care

Age 80 Total Long-Term
Care Benefits =
$614,265

$7,914 Monthly
Long-Term Care Benefits

Benefits if Long-Term Care is Never Used or Exhausted*

Death Benefits
Paid to Beneficiaries
if LTC is Never used

Day 1 = $105,158
Age 80 = $105,158

Money Back
if LTC is Never Used

Day 1 = $6,359
Age 80 = $73,281

Residual Death Benefit

(Minimum life insurance proceeds paid to beneficiaries even if LTC pool is fully depleated)

* The Guaranteed Death Benefit and/or Surrender Value(“Money Back”) will be reduced by any LTC benefits used.

The Residual Death Benefit is paid even if LTC benefits are exhausted.

Hypothetical Example of a Life-Based “Hybrid” LTC Product

Premium of $10,000 per year for 10 years, 60 year old male,

3% compound inflation, 6 year initial pool of LTC benefits

One of the advantages Life Based Hybrid LTC insurance is that this plan will always pay a benefit. The plan builds a pool of LTC benefits if you need it, pays a death benefit or provides a money back guarantee. These plans also often provide a guaranteed minimum residual death benefit should you use all of your LTC pool. So whether you have an LTC claim, decide in the future this isn’t the right protection for you or die before you use benefits, hybrid products always provide you with a benefit.

Leverage on Long-Term Care Premiums

Total Premiums Paid

Over 10 years = $100,000

$10,000 per year x

10 Years

Day 1

More than 3.4x Total

Premiums Paid for

Long-Term Care

Day 1 Total Long-Term

Care Benefits =

$340,000

$4,382 Monthly

Long-Term Care Benefits

Age 80

More than 6x Total

Premiums Paid for

Long-Term Care

Age 80 Total Long-Term

Care Benefits =

$614,265

$7,914 Monthly

Long-Term Care Benefits

Benefits if Long-Term Care is Never Used or Exhausted*

Death Benefits

Paid to Beneficiaries

LTC is Never used

Day 1 = $105, 158

Age 80 = $105, 158

Money Back

if LTC is Never Used

Day 1 = $6,359

Age 80 = $73,281

Residual Death Benefit

(Minimum life insurance proceeds paid to beneficiaries even if LTC pool is fully depleated)

* The Guaranteed Death Benefit and/or Surrender Value(“Money Back”) will be reduced by any LTC benefits used.

The Residual Death Benefit is paid even if LTC benefits are exhausted.

Hybrid Annuity / LTC Insurance

Advantages

Maximum liquidity
Always pays: LTC, death benefit, or return of premium
Guaranteed premiums and benefits
Least invasive underwriting

Disadvantages

More expensive due to annuity component

Life insurance w/ Accelerated LTC Rider

Advantages

Provides death benefit with some degree of LTC coverage

Disadvantages

Less leverage for LTC benefits
Not designed specifically for LTC
Lowest ability to customize LTC benefits

Hybrid Life / LTC Insurance

Advantages

Maximum liquidity
Always pays: LTC, death benefit, or return of premium
Guaranteed premiums and benefits

Disadvantages

More expensive due to life insurance component

Stand Alone LTC Insurance

Advantages

Maximum LTC leverage
Guaranteed benefits
Greatest ability to customize
Built specifically for LTC

Disadvantages

No residual value if benefits are unused
Premium could increase on a class basis with prior state approval
More difficult to health qualify

How to Allow Flash Content in Microsoft Edge

In Microsoft Edge navigate to the website that is missing Flash content.
On the top right-hand side of the address bar you may notice the puzzle piece icon.
Click the icon which will display a flyout Adobe Flash content was blocked.
Click Allow once to allow Flash content to run on that page for just one time.

Your all set! You’ve now enabled Adobe Flash in your MS Edge browser.

How to Allow Flash Content in Firefox

If Firefox blocks a plugin, rather than seeing content, you’ll see a message prompting you to click to run the plugin, such as Adobe Flash.

On some sites, you’ll see just a blank rectangle, and the plugin notification icon will appear toward the left end of the address bar.

If you click the message or the notification icon to activate the plugin, Firefox will prompt you with these options:
• Allow: Activates the plugin on the website, only for a single visit.
• Don’t Allow: Dismisses the notification prompt without activating the plugin.
If you click to activate and allow the plugin, the missing content will load normally. (If it doesn’t, click the reload button in the toolbar to reload the page and try again.)

Your all set! You’ve now enabled Adobe Flash in your Firefox browser.

How to Allow Flash Content in Chrome

When Flash is blocked, click the blocked plugin icon in Chrome’s Omnibox and click “Manage.” This takes you to the Flash settings page, which you can also access from Settings > Advanced > Privacy & Security > Site Settings > Flash.

Click the toggle here to set Chrome to “Ask first” rather than the default “Block sites from running Flash (recommended.)”

Now, when you visit a website with Flash, you can click a Flash object on the web page and click “Allow” to view it.

Your all set! You’ve now enabled Adobe Flash in your Chrome browser.

Self Insuring? It’s Actually Self Funding

Are you familiar with Required Minimum Distributions?

Hypothetical Example of a Life-Based “Hybrid” LTC Product

Leverage on Long-Term Care Premiums

Benefits if Long-Term Care is Never Used or Exhausted*

Hypothetical Example of a Life-Based “Hybrid” LTC Product

Hybrid Annuity / LTC Insurance

Advantages

Disadvantages

Life insurance w/ Accelerated LTC Rider

Advantages

Disadvantages

Hybrid Life / LTC Insurance

Advantages

Disadvantages

Stand Alone LTC Insurance

Advantages

Disadvantages

How to Allow Flash Content in Microsoft Edge

How to Allow Flash Content in Firefox

How to Allow Flash Content in Chrome