Why should I consider LTC Insurance?

 * Assets and income to protect
* Choose where you receive care
* Receive high quality care
* Do not want to be dependent on government plans
* Do not want your family to have the burden and responsibility

 Types of LTC Insurance Policies:

  Stand-alone
  Comprehensive coverage policies represent the bulk of policies sold. These plans strive to cover all               
  long term care services and are usually purchased with monthly, quarterly, semi-annual or annual
 premiums which are paid for the life of the insured. These policies are very much like the typical
 modern group or individual health insurance policy. They try to cover as many different care
 alternatives as possible.

 Optional Rider
  There are other ways to package a long term care policy as well. One is a rider to a cash value life
 insurance policy. The policy represents two separate coverages and the premium is split up to pay
 for both. This should not be confused with the "accelerated death benefit" which is a popular feature
 of many life policies.

 Either / or Feature
  Feature in life insurance, when the insured dies, a death benefit results. If the insured needs long
 term care before death, stipulated benefits are paid instead of life insurance. If all benefits are paid
 before death, the policy expires.

 Single Premium Deferred Annuity
  This usually requires a lump sum of $50,000 or more. Part of the earnings pay for the morbidity risk
 of the LTC Insurance. Thus an annuity that would normally yield 6% might only yield 4% with the LTC.
 LTC premiums are paid with tax deferred earnings, but since they are expensed within the policy,
 premiums become tax free.

 Combine with a Disability Income Policy
  Prior to age 65, the policy can only be used for disability income. Premiums paid after age 65 provide
 long term care coverage. These premiums will be higher than a stand alone disability policy.
New Visions Financial
Group Inc.
Long Term Care Insurance