What if you are uninsurable?
Long Term Care Insurance underwriting can be
stringent at times. If you have been diagnosed with diabetes, have
certain heart conditions or a condition with no known diagnosis, you may
not be able to obtain coverage.
But don’t despair. There are
other strategies to help you protect your family and assets from the
consequences of a long-term care illness.
Life Insurance or Life Insurance with a Chronic Illness Rider
Underwriting for life insurance is different from underwriting for
LTCI. Life insurance use mortality tables while LTCI uses morbidity
Life insurance can be used to replenish any funds,
tax-free to your heirs that you spent during a long-term care illness.
In other words, while you are ill, you would use your assets to pay for
your care, but upon your death, those assets would be replaced by your
life insurance policy’s death benefit.
See LTC Planning
Alternatives to learn more about life insurance with a
chronic illness rider
Click the tab below to go to our EZ Quote system.
Multiple companies will display their premiums for term and universal
life policies that can fit your needs. You can apply online but don’t
hesitate to contact us if you have questions about the differences in