ROP LTC National Comparison
Long Term Care rates are going up! The #1 ROPLTC plan in the country just announced they will be raising their rates 20%. Apply now and lock in the discounted premiums before costs go up before first quarter 2022.
Summary Explanation:
Teal – Company A – Top Cash Indemnity plan in the country – current premium structure.
Red – Company A2 (same as company A) – that is offering the best Cash Indemnity plan in the country. These are the predicted increased rates that are anticipated in the near future. All applicants that apply, before the deadline, and are approved, will receive the lower rates.
Purple – Company B – Second best Cash Indemnity ROP LTC Plan. Note that even with the rate increase company A2’s Plan will still offer the most competitive premiums. Bottom line – Company A’s current plan is 24% better, all other things being equal.
Green – Company B2 (same as company B) – Note that this Cash Indemnity plan offers a 70% Return of Premium versus Company A, A2, and B that are 100% Return of Premium plans.
Orange – Company C – Is a Reimbursement plan. Note that it is also a 100% Return of Premium policy, and the total care pool is 8% less than Company A2. And 27% less than the Company A’s current premium.
Blue – Company D – Is a Reimbursement Plan. Note that it is a 70% Return of Premium policy and that the total care pool is less than Company A, and the predicted rate increase of Company A2.
An Answer To Today’s Long-Term Care Crisis
How to use your IRA to fund ROP LTC
Long Term Care Insurance — Act Now! By Terry Savage
Long-Term Care Without Handcuffs
Not properly preparing for the exorbitant cost of long-term medical care
My 2021 Strategy for the Long-Term Care (LTC) Crisis
Reduce Your Long-Term-Care Expenses by up to 90%
Questions?
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How to use your IRA to fund ROP LTC
The most prudent way to insulate these precious funds is to implement what we call The IRA Leveraged LTC Strategy (IRA LLTC Strategy). Simply stated, with the IRA LLTC Strategy you transfer a portion of your “Qualified” funds, like your IRA into a special income annuity known as a 10-year Certain Immediate Annuity. Then annually for 10 years, you transfer the Annuity income into the Return of Premium LTC plan. Fully funding guaranteed Long Term Care protection that will leverage your transferred IRA up to 10 times!
With ROP LTC Plan, I now have options
I want to share with you a conversation I had the other day with a client when telling her the good news that she was approved for coverage for her Return of Premium Long Term Care Plan (ROP LTC).
An Answer To Today’s Long-Term Care Crisis
My favorite long-term care protection plan is improved and attractive to more people than before. You have more options than ever to help pay for future long-term care, and these newer options are significantly more appealing and rewarding than traditional long-term care insurance.
I’ve covered in the past the many troubles in traditional long-term care insurance (LTCI). Most insurers exited the market. Many of the remaining insurers continue to raise premiums on existing policyholders.