Long Term Care Insurance with Lifetime Benefits for a Couple
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Long Term Care Insurance with Lifetime Benefits for a Couple
By Aaron Skloff, AIF, CFA, MBA
Long Term Care (LTC) Insurance policies provide long term care benefits if you need long term care. They provide the highest level of LTC benefits for the lowest premiums and can be designed to meet Long Term Care Partnership Program requirements to protect your assets away from Medicaid.
Let’s look at an example of a 55 year old tobacco free female and a 55 year old tobacco free male. With a combined guaranteed $99,619 one time premium, they gain a $300 daily tax free long term care benefit each they can use separately or simultaneously for each person’s entire lifetime.
