Hey there, Cardinal friends! Today’s lesson is a special one that really brings me joy. We’ve been working hard to find solutions for those who have been told, “You can’t get long-term care insurance because of your health.” Well, not so fast! Today, we’re diving into some success stories—real case studies of individuals who have successfully secured the highest benefits in long-term care insurance despite their health conditions.
Conditions That Can Qualify You
We’ve compiled a list of 10 conditions where individuals have successfully obtained long-term care insurance benefits:
- Rheumatoid Arthritis
- Chronic Liver Disease
- Chronic Kidney Disease
- Cancer
- Heart Disease
- Multiple Sclerosis
- Parkinson’s
- Fibromyalgia
- Lung COVID
- Type 1 Diabetes
These conditions were once considered automatic declines for traditional long-term care insurance policies. However, with our approach, we’ve been able to find options that work for these individuals.
How We Do It
In traditional long-term care insurance, these conditions might still be a roadblock. However, with our hybrid long-term care annuity, things are different. This annuity operates differently from traditional insurance policies or hybrid life long-term care options. It provides a unique opportunity for those serious about planning for long-term care, even with existing health conditions.
What Makes This Option Unique?
Tom will explain why this video is so important: “One of the hardest parts of our job is delivering bad news to clients who may not qualify for traditional long-term care insurance. With this new option, we have a viable solution for individuals who historically had very few options.”
Understanding Your Options
Here’s a breakdown of how this policy works:
- Three Benefit Categories: Everyone qualifies at some level—whether it’s the best benefits, better benefits, or a no-assessment option.
- Growth of Benefits: Your benefit base increases annually, ensuring your coverage keeps pace with inflation.
- Flexibility: The policy pays out a tax-free indemnity benefit, providing flexibility in how you use the funds for care.
How It Works Behind the Scenes
Hans sheds light on the underwriting process: “We focus on cognitive and physical assessments rather than traditional medical histories. These assessments are crucial predictors for future long-term care needs.”
Benefits and Tax Advantages
Tom emphasizes the tax advantages: “The benefits are tax-free, which makes this policy even more appealing for comprehensive financial planning. It’s a way to protect your assets while ensuring you have the care you need.”
Who Should Consider This?
This policy is ideal for those facing health conditions that traditionally exclude them from long-term care insurance. It’s also suitable for those looking to protect their assets and ensure their financial plan includes provisions for potential long-term care needs.
Conclusion
In conclusion, this policy represents a significant advancement in long-term care planning, particularly for those with health conditions that previously limited their options. If you’re interested in learning more or getting a personalized illustration, reach out to us. We’re here to help you navigate your long-term care planning journey.
For more details, check out the show notes linked below the video or visit our website. Thank you for joining us on this journey to explore innovative solutions in long-term care insurance!
