Baby boomers are showing interest in these products as they head toward retirement and worry about their retirement income, long-term care and leaving a legacy. Combination products provide the answer to these needs.
The most attractive combination product is Life insurance and Long-Term care insurance. It is important to understand that these policies will pay out a death benefit or long-term care benefits, but usually not both. This combination product produces a win-win situation; either you use the long-term care benefit or someone receives the life insurance benefit.
For some this product provides an acceptable answer to the question "What if I don't need Long-Term Care?
In addition, it provides a great solution to:
- Older, affluent clients who have looked into Long-Term Care insurance but decided against it.
- Upper-middle income and mass-affluent preretirees who have not looked into Long-Term Care insurance but do have a primary need for life insurance.
- Single individuals who might need Long-term care and don't have family to look after them.
- Adult children who would be buying the product for their parents, as the children would benefit one way or the other.
It is important to know what is best for you and your family. You can simplify your Long-Term care planning with a Long-Term Care Specialist. Look for an independent agent that represents the top carriers.
Click here for a no obligation quote
Posts
No comments:
Post a Comment