ASSET BASED LONG TERM
Asset Based Long Term Care (LTC) Protection
Traditional LTC protection: pay an expensive premium and hope you never need to use the LTC protection. You pay the premium for 20 years, then die in your sleep, never having had a LTC event. Will the LTC carrier return all those premiums? Of course not.
Traditional life insurance policy (old kind). Should be called “death insurance”. There are no “living benefits”. You must die to use it.
Consider this hybrid. The new kind of life insurance that includes “living benefits” you don’t have to die to use. Death? Beneficiary wins. Long Term Care event? The insured wins. This is a win:win.