1. Difference between LTC Riders and a Qualified LTC Plan

    Many Life Insurance policies and even Annuity Policies, have what are called Long-Term Care Riders. They also have other names for these riders, such as: Critical Illness Rider, Long-Term Disability Rider or Accelerated Death Benefit Rider. These riders can be useful and may benefit some more than others, however, this does not qualify as a qualified long-term care plan and should not be treated a…Read More

  2. Long-Term Care vs. Disability Insurance

    Often times, Long-term care insurance(LTCi) and Disbility Insurance(DI) get confused with one another. Here we will clarify the distinction between the two types of policies and who they are designed for. The main distinction between these two policies, is timing. Disability insurance is designed for individuals that are still working, they are normally under the age of 65. It will replace a porti…Read More

  3. Quick LTC Fact: Reimbursement vs. Indemnity

    Reimbursement: Reimbursement means the policyholder is paid after services are received. The amount paid back to the policyholder is based on the either a daily or monthly amount (up to a pre-selected limit) for qualified services provided. The policyholder must maintain and submit receipts to their insurance company to receive payment. Daily reimbursement plans are common among Traditional long-t…Read More