A Hybrid 20-pay with guaranteed level premiums gives them meaningful coverage!
A 64 & 57 year old couple had long-term care policies but after reviewing them. They realized the policies did not have the coverage they were looking for and were worried about future rate increases. By utilizing a Hybrid plan, we were able to get them guaranteed level payments and we structured the plan to be paid up in full after 20 equal payments. The plan is a joint policy so either person can access the plan or both can access the plan at the same time. An inflation protection rider was built in to the plan so it will continue to increase in value over time. Regardless of what happens to the clients, they are assured a benefit as the plan has long-term care coverage, a death benefit and a cash value if they ever need to cancel the plan.