Asset Based Long-Term Care
Asset based long term care is one of the fastest growing options for setting up a long-term care plan because it cost you nothing in the long run if you never use it. Most plans will even pay you back plus interest if you cancel your plan and many have additional features such as death benefits which are guaranteed.
You now have an option to put your savings to work while getting the benefit of increased coverage compared to your savings alone. And if you never use it or decide you won't need it, you always have access to it. If you do need it for long term care, you get to withdraw the money tax free.
As your money continues to grow, it can be used as funds for retirement, estate or long term care. No more vanishing premiums.
It is a better alternative to Self Insuring.
Other benefits include:
- No Medical Exam Options.
- Qualifies for pension Protection Act.
- Multiple LTC benefit period options with joint coverage available.
- Guaranteed growth without market volatility