Living Benefits - Universal Life - Long Term Care - Be your own beneficiary

Funeral Guide  PDF   HTML

Funeral Guide

Life Insurance, Health, Disability Income, Long Term Care are all very important coverages to have to round out your Insurance Protection Program, protect your assets and make sure you get the care and treatment that you need.

Child Pages –

TAILORING LTC Long Term Care BENEFITS TO YOUR OWN NEEDS

1. Seven percent of my annual income is approximately $_______________.  (This is the maximum amount of annual income experts advise spending  on a premium.)

2. The cash value of my non-housing assets* is $____________.  (This is the amount you would otherwise have to spend for long-term care.)

3. My non-housing assets would last _____________ years if I needed care today.  (This is the approximate number of years of coverage you might consider buying.)

4. I can afford to pay $____________ a day towards the cost of my own care.  The difference between the amount I can afford and the cost of care today is $_________. (This is the approximate amount of daily benefit you will need.)

5. I can afford to pay a total of $____________ for the first days of care in a nursing home. Therefore, I will need a waiting period no longer than:

30 days $__________ 60 days $__________ 90 days $____________.

(To determine the amount you would pay, multiply the daily nursing home cost times the number of days in the waiting period.) Copied from Taking Care of Tomorrow

Life Insurance Buyers Guide

CA Department of Insurance

NAIC Buyers Guide 

NAIC Life Insurance Buyers Guide

 

Leave a Reply

Your email address will not be published.

wp-puzzle.com logo