Last updated: August 28th, 2015

Continuous Pay With Flexible Plan Design

Generally, traditional, stand-alone long term care policies give you the biggest LTC benefit for your premium dollars and include the following features:

  • Premiums can be paid annually, semi-annually, quarterly, or monthly.
  • Automatic waiver of premiums when on active claim.
  • Growing pool of money that provides inflation protection. There are many different inflation protection options to create a customized plan.
  • Shared care and true third pools of money available for couples.
  • Available cash-benefit options that add flexibility.
  • Available return-of-premium (ROP) on select carriers.
  • Low breakeven point. The average policy holder after paying premiums for 20 years will break even within just 4-5 months of care.
  • Premium stability. Premiums are designed to remain stable for the life of the policy; however, premiums can increase on a class of insureds, with state approval. Premiums today have stabilized dramatically as carriers have priced new policies appropriately and require stricter underwriting.
  • 10-pay premium option on select carriers.
  • Available third-party ownership.
  • Option to finance using 1035 exchange.
To learn about the options that are best for you, your loved ones, or your clients, contact us at 516.801.1419 or