New traditional long-term care insurance programs are vastly improved. The possibility for premium increases with the modern programs have been greatly diminished.

Unlike hybrids, traditional insurance premiums are relatively low - you can get more bang for your buck. However if you never need long term care, your premiums are not returned.

Visit our Traditional Long-Term Care Exchange website to learn more.

Encouraging News

The press has rightfully given older traditional long-term care insurance policies a difficult time for their significant premium increases. However the Society of Actuaries recently completed a study (pages 15 and 18 of the attached) minimizing the possibility of rate increases on newly issued (modern) long-term care insurance to 10% or less.

The summary suggests that today’s products really should be able to withstand moderte adverse experience without requiring a rate increase.

Protect your retirement savings. Hybrid LTC policies combine long term care funding with an annuity or life insurance policy.

Guaranteed. A single premium, or ten equal payments (10 pay), are guaranteed, and can never be increased.

If you don't use it - you don't lose it. If long-term care benefits are never used premiums paid will be returned to the insured or to his or her estate.

Visit our Hybrid-LTC website to learn more.