Hybrid Life Insurance Policy Quote

Hybrid Life Insurance

A Wise Investment!

How much does Hybrid Life Insurance COST in MN?

Your time is valuable.  We will not waste any of it.  Just complete the quote box to the right and we will email you side-by-side comparison quotes from three top companies, including “living benefits” at no additional cost.

Rules for Purchasing Hybrid Life Insurance
  • Rule #1 – if you cannot afford the premiums, do not buy any life insurance.
  • Rule #2 – freely discuss any health concerns. Certain insurance companies and other life insurance options may be a better fit for you based on your circumstances.  Better health usually means better rates.
  • Rule #3 – Lock in your age today. By applying now, you will lock in your age.  No application fee is required.  What kind of rates will you qualify for?  It is free to see!  If you do not like the rates, just walk away.   Once the underwriter determines your rate class, final benefit plan design can be done.
Lowest Possible Hybrid Life Insurance Rates Guaranteed

We do not charge you one penny extra for our service.  And you cannot walk in the front door of ABC Insurance Company and get this insurance for one penny less!  [Click HERE to Read More…]

Exchange Your Existing Life Insurance for Hybrid Life Insurance

If you currently own a life insurance policy, you may be able to do a simple 1035 exchange.  The Internal Revenue Service allows you to exchange an insurance policy that you own for a new life insurance policy insuring the same person without paying tax on the investment gains earned on the original contract.  This can be a substantial benefit.

How much is disability insurance in MN

Hybrid Life Insurance Quote


Hybrid Life Insurance

A Wise Investment!

How much does Hybrid Life Insurance COST in MN?

Your time is valuable.  We will not waste any of it.  Just complete the quote box to the right and we will email you side-by-side comparison quotes from three top companies, including “living benefits” at no additional cost.

Rules for Purchasing Long Term Care Insurance
  • Rule #1 – if you cannot afford the premiums, do not buy any life insurance.
  • Rule #2 – freely discuss any health concerns. Certain insurance companies and other life insurance options may be a better fit for you based on your circumstances.  Better health usually means better rates.
  • Rule #3 – Lock in your age today. By applying now, you will lock in your age.  No application fee is required.  What kind of rates will you qualify for?  It is free to see!  If you do not like the rates, just walk away.   Once the underwriter determines your rate class, final benefit plan design can be done.
Lowest Possible Hybrid Life Insurance Rates Guaranteed

We do not charge you one penny extra for our service.  And you cannot walk in the front door of ABC Insurance Company and get this insurance for one penny less!  [Click HERE to Read More…]

Exchange Your Existing Life Insurance for Hybrid Life Insurance

If you currently own a life insurance policy, you may be able to do a simple 1035 exchange.  The Internal Revenue Service allows you to exchange an insurance policy that you own for a new life insurance policy insuring the same person without paying tax on the investment gains earned on the original contract.  This can be a substantial benefit.

How much is disability insurance in MN

Hybrid Life Insurance Quote


Real Case Example

Jennifer, age 59, a Minnesota resident, had a whole life insurance policy issued by Northwestern Mutual that her grandfather purchased for her when she was 12 years old.  The death benefit was $60,000 and the policy had a cash value of $19,600.  By doing a 1035 exchange, her new policy provides a $300,000 death benefit and the $19,600 cash value rolled into the new policy.  All at no additional premium – guaranteed.  Not only is she getting a five times greater death benefit ($60,000 vs. $300,000), she is also getting “living benefits” for no additional cost.  That means she has $300,000 in tax-free cash available to use if she ever needs long term care services.

Long term care insurance MN
Purchase Long Term Care Insurance when you are young and healthy

Purchasing long-term care insurance while you are young enables you to lock in the rates.  Your rates will not go up because you are getting older.  Rates potentially may increase if the insurance company and the Minnesota Commerce Department determine rates must rise for that particular plan.  You can even purchase paid-up policies.  Once a policy is paid up, you can never get a rate increase.  Return of premium is also available on certain long-term care insurance policies.

It makes total sense to purchase long term care insurance while you are healthy.  If you have health issues, we ask that you be open with us.  We can help put you in the best position to be approved for coverage by the insurance company.  Even if you’ve been denied long term care insurance in the past, give us a call.  We may be able to help.

We have lots of different options available for your consideration.  Certain discounts may be available for long term care insurance that can bring your premium rates down substantially.  If you are married or have a significant-other, rates can drop by 15% by simply having a significant-other living with you. When both apply and take policies, rates can drop by 30%!  Good health can also lower your long term care insurance premiums by 15%.  Other discounts include paying annually versus monthly.

In 2020, 54 percent of all people in the United States were covered by some type of life insurance, according to LIMRA’s 2020 Insurance Barometer Study.
Do You Own a Business? Are you in a second marriage? Did you bring significant assets to the marriage?

Should your significant-other need long term care, your assets are considered community property and must be used to pay their care.  Protect what you have by purchasing hybrid life insurance for your significant-other.  Protect your assets so that you can pass them down to your heirs.

C-corporations, non-profits, & self-employed business owners may have certain tax advantages when it comes to paying for long term care insurance premiums.  If you are a business owner and want to consider a purchase of long term care insurance, call us now.

Hybrid life insurance policies can be a great alternative to traditional long term care insurance policies.  Certain hybrid life policies will pay you tax-free cash giving the policyholder total control over what kind of care they want and get.  Most clients want to remain at home and have friends and family care for them.  Only certain hybrid life policies that pay cash will allow for this type of care. You can even have your care on a cruise ship if you want.  So, is a Cruise Ship Retirement cheaper than Assisted Living?

Read more https://www.aplaceformom.com/caregiver-resources/articles/cruise-ship-retirement-assisted-living

Traditional policies will only reimburse you for qualified expenses.  Qualified expenses are typically based on the services of a licensed professional.  Best of all, if you don’t ever need long term care, the hybrid life policy will pay a tax-free death benefit to your designated beneficiary.  The death benefit will be many times higher than the premiums you put into the policy.

You Owe it to Yourself and Your Family!

Get your free Hybrid Life Insurance Quote Today!