In my opinion the best days for LTCI sales are ahead... but in the simplified issue Multilife market, not in the husband / wife sales arena with full underwriting. We have just scratched the surface of this market and with CLASS & Partnership Programs raising the awareness bar with consumers that the Federal & State Governments are not wanting to pay for this care I see more people & younger people getting plans through their employers.
We are also seeing this start to become the darling product of the "Golden Parachute" Think about it: Company paid LTC is a tax free benefit, that can be done on a disciminatory basis, with grossed up premiums for 10 pay coverage and Full Return of Premium, high leel of benefits so that home care only is almost guaranteed and has a tax free benefit and beneficiary payment... what could be more C Class employee and Board of Director friendly? (CEO, CFO, CMO, COO, etc.)
i cant find the article,the site seems down.
i think long term care insurance would stay as long as there are seniors needing help in paying for LTC services
Hi Craig, just happened upon your post from 2011. My state doesn't have a 10-pay for traditional LTC. Are you having success with 10-pay hybrids at the worksite? Can they be done as executive carve-out the same as stand-alone?