As long term care policies become more expensive, and harder to qualify for, our clients are asking us to explore alternative long term care planning options.
An often overlooked solution is a combination Long Term Care/Life Policy.
Here are some policy highlights:
- Both spouses can be covered under one policy
- Long term care benefits include home care, assisted living, nursing home/Alzheimer’s
- Unused long term care benefits go to heirs in a tax free death benefit
- Premiums are guaranteed
- Long term care benefits are tax free