One Sale, Double The Coverage

One Sale, Double The Coverage

Looking for a life-based long-term care product that can cover two people under one policy?  Sometimes clients are unsure whether or not they need protection – and may want to cover their spouse instead.

Kill two birds with one stone with a joint life product, which not only protects your client and his/her spouse, but also uses the same funds to do so.

This product offers the ultimate level of flexibility – it allows your clients access to a shared pool of long-term care benefits stemming from one premium payment.  In addition, the second-to-die whole life structure creates a larger pool of shared benefits than they would otherwise have from a single life policy.

And for your single clients, the policy can be structured for two family members instead – assuming they do not have an age gap of more than 25 years.

Compare your options:

Example clients Jim and Bonnie are married, both age 65, and in good health.
Jim
$100,000 total
single premium
Jim and Bonnie
$200,000 total
single premium
Bonnie
$100,000 total
single premium
Benefit period:
Lifetime
Monthly LTC benefit:
$4,279
Death benefit:
$106,984
Benefit period:
Lifetime
Monthly LTC benefit:
$7,406
Death benefit:
$246,891
Benefit period:
Lifetime
Monthly LTC benefit:
$3,927
Death benefit:
$130,908

Other benefits include reduced cost of insurance charges and underwriting flexibility.

To learn more about the life-based long term care product and additional products being offered in the asset-based LTCi marketplace, contact your LTCi Sales Rep today.