Predictability is important, especially when if comes to premiums. No one wants a rate increase or even to deal with the poissibility. Unfortunately, rate increases have become increasing common in the LTC insurance market.
Carriers blame this on what they call the "perfect storm". Low lapse rates, higher than expected utilization, longer claim durations, and a low interest rate enviroment have forced many carriers to raise rates on their policyholders.
What if you could guarantee that your LTC insurance premium would never increase? Would you be willing to pay a little higher premium for that type of security? If the answer is Yes, Asset-Care may be for you.
Asset-Care eliminates this worry with its guuaranteed noncancellable continuation of benefits rider premiums - even for lifetime protection. Asset-Care is not traditional LTC insurance. It is actually a Whole Life Insurance Policy that accelterates the death benefit should you need long-term care. In addition, they offer a rider that will extend benefits for an additional number of months or even for life. As an added bonus, if you never need long-term care, then a beneficiary receives the death benefit.
It is nice to have guarantees during uncertain times!
News, updates, and discussions from the world of disability and long-term care insurance
