Policies designed for the life you live now

Life Insurance with Long-Term Care Benefits

Seven in ten Americans will need long-term care at some point after 65, and the national median cost of a private nursing-home room is now about $129,000 a year. Traditional long-term care insurance solves the cost problem but creates another: premiums can rise, and if you never need care, the money is gone.

A life insurance policy with a long-term care rider (or a purpose-built “hybrid” policy) fixes that. If you need care, the policy advances part of the death benefit each month to pay for home care, assisted living, or a nursing facility. If you never need care, your family receives the death benefit. Premiums are typically guaranteed and can often be paid in full over 10 years or as a single deposit. For many of our clients this is the single most efficient way to protect a retirement nest egg.

Free Policy Reviews

The policy you bought at 35 was priced on the mortality tables of that decade. Carriers have re-priced since, competition has increased, and many older policies are now more expensive than a new one for the same coverage — or the same premium now buys more, including long-term care benefits that didn’t exist when you bought.

We review any life insurance policy at no cost and no obligation: ours, another agent’s, an employer plan. You get a written summary of what the policy covers, what it’s costing you, how the cash value is performing, whether the beneficiaries and ownership are set up correctly, and what your options are. Roughly half the reviews we do end with “keep what you have.” The other half find real money.