Funding Long-Term Care with Life Insurance

The long-term care insurance industry is going through substantial changes in contract language, riders and pricing structure. Many carriers have simply exited the marketplace. Thankfully, there are some innovative life insurance contracts that are providing living benefits to fill the void in the long-term care insurance marketplace. This program will discuss the traditional long-term care insurance and living benefits concept as it relates to: coverage; taxes; territorial and use limitations; payable benefits after death of the insured; waiting or elimination periods; underwriting rules; and the general advantages and disadvantages of both.