Get Your Ohio Long Term Care Insurance (LTCi) Quotes Today!
Get a plan that protects both your nest-egg and your legacy
Benefits of Us Comparing Your Long Term Care Insurance Plan Options
Independent
We are an independent agency and often compare over 10+ Long Term Care insurance companies to get the lowest premium for the amount of assets you want to insure.
Different Types
Whether you want a traditional LTCi policy or you're looking to kill two birds with one stone and get a life insurance policy with long term care rider you'll have different options to consider.
Tax Benefits
Get a traditional long term care insurance partnership policy that comes with tax deductions that brings down the cost of the overall policy giving you a chance to get more benefits.
Calculate Coverage
Figure out the monthly premium by how much of your assets you want to insure against a potential long term care scenario and how long you want the waiting period to be (deductible period).
Partnership Plans
Protect against healthcare inflation by getting a Partnership approved policy that has inflation riders in addition to helpful tax deductions for owning a plan.
Claims Help
We can help you and your family navigate the confusing claims coordination process and applying for benefits from your policy when a long term care scenario happens.
Easy Process
After getting your details, plan reviews and recommendations take less than a half an hour, and enrollment takes just 20 minutes over the phone.
No Sales Pressure
We don’t pressure people into plans – we simply compare their options for them, let them know what they qualify for and let them make the decision.
Our Six Step Process for Comparing Long Term Care Insurance Plans
1. Get Details
After determining the amount of assets you want to insure against a long-term care scenario, we’ll gather up some health information to see what options are available.
2. Shop companies
We compare 10+ Long Term Care Insurance companies to see who will give you the best deal for how healthy you are and the amount of coverage you want.
3. Review Options
After reviewing plan options in your area we’ll take 30 minutes going over our recommendations with you over the phone and answer any questions you may have.
4. Submit application
Taking an application is easy and effortless as we collect a few details over the phone to fill out the application that we then email to you to electronically sign and submit.
5. Secure coverage
The application process takes 2-4 weeks depending on what the insurance company needs from you and your doctors – including taking a competency test for underwriting.
6. Periodic reviews
After coverage is secured, we will be there throughout the years to guide you through the claims coordination process should you ever need to use your policy benefits.
Don’t be a BURDEN on your loved ones and inadvertently guilt them into providing care!
Three Options for Long Term Care Coverage
Traditional Plan
This plan often has a maximum daily benefit limit and an elimination period which is the number of days before benefits begin paying out. The elimination period can range from zero days to over 100 days, the longer the elimination period, the more affordable the policy is.
The daily benefit limit ranges from $100-$500 a day and the number of years a traditional policy will pay out ranges from one year to lifetime benefits with the option of an inflation rider to pay for the rapidly increasing costs of long-term care. These plans also come with tax benefits that may reduce the cost of getting a policy.
Life Insurance Rider
This option uses a permanent life insurance policy with a rider attached that will pay out a portion of the death benefit as long term care benefits. This is often called a ‘Hybrid Plan’ and can be a more affordable option depending on your health and age when applying for coverage.
Another item that will affect affordability is whether the plan is a single premium life insurance plan or if it’s pay-till-you-die policy that you have to pay monthly premiums on for the rest of your life.
Some riders may not be guaranteed in price and may go up over time.
Short Term Care
 This option is for seniors on a tight budget that may want a policy that can help them pay a caregiver, perhaps a family member, some money to help them with their activities of daily living (ADL).
This policy is cheaper than both a life insurance plan with a long-term care rider and a traditional long term care insurance plan but is limited to paying for a limited number of years in addition to lower daily benefit amounts compared to a traditional plan. This option is for seniors who want to stay in their homes and have some extra funds to ensure that happens.
Three Main Reasons Why People Get
Long Term Care Insurance
Be a Burden on Loved Ones
The number one reason people get a long-term care policy is the same as it is for getting life insurance, no one wants to be a burden on their loved ones. This means not ruining your kids lives or exhausting your spouse so they can provide you care so you can save a buck – this means getting a policy is an act of love.
Government Medicaid Facility
The number two reason people get a long-term care policy is that almost everyone realizes that 2 out of 3 seniors will need to pay for some form of long-term care during their lifetimes and they don’t want to go to a taxpayer funded Medicaid facility where the standards may be subpar than what you want.
Asset Confiscation
The third important reason people get long-term care coverage is because they don’t want to see what took a life time to build, destroyed by the government clawing back inheritances to pay for their long term care bills, that also ends up destroying what legacy they built for their children.