In the wake of the consolidation of products and carriers left in the traditional Long-Term Care Insurance space, it can be easy to overlook this necessary part of retirement planning. The good news is the life insurance and annuity industries have stepped up to help fill the void of options available to clients to cover this gap in their retirement plan.
Today’s life insurance marketplace provides both “Hybrid” Life policies that are life insurance policies with additional LTC “buckets” of money attached, as well as many traditional life policies that offer riders to access the death benefit if chronic care or LTC is needed.
Today’s annuity market offers both “Hybrid” annuities that have additional LTC “buckets” of money attached, as well as many traditional annuities with income riders that “step-up” the income payment if chronic care or LTC is needed.
And the best part of all of these policies: they overcome the Number 1 objection from the traditional LTCI space – “what if I don’t need LTC?” …. With these policies, the client Always receives a benefit!
Contact the Experts at Wholehan Marketing and let us help you decide the best approach for your clients’ LTC planning!