LTC Illustrations
Please use the premium calculator below as a general guide to determine the benefits available and the relative costs of each benefit combination. Final premiums are based on underwriting factors including gender, age, health and family history.
The important thing to keep in mind is, if you qualify for coverage, the premium is notably less than the required “spend-down” needed to qualify for Medicaid (MediCal) long term care assistance.
Another possible basis for long term care may be found in existing permanent life insurance policies. Depending on current health, it may be advantageous to exchange an old policy for one that includes the new long term care rider that allows the death benefit to be paid far in advance of death for long term care expenses.
Protecting assets from the cost of convalescent care - the purpose of long term care insurance.
