Long Term Care Insurance Quotes

Long Term Care Insurance

A Sensible Investment!

How much does Long Term Care Insurance COST in MN?

We will not waste your time.  Just complete the quote box to the right and we will email you side-by-side comparison quotes from three top Long Term Care insurance companies.

 

Rules for Purchasing Long Term Care Insurance
  • Rule #1 – if you cannot afford the premiums, do not buy any long term care insurance.
  • Rule #2 – freely discuss any health concerns. Certain insurance companies and other LTC insurance options may be a better fit for you based on your particular 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 plan design can be done.
Lowest Possible Rates for Long Term Care Insurance 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 LTC Policy?

The IRS regulations do not allow a 1035 exchange for long term care policies.

How much is disability insurance in MN

Long Term Care Insurance


Long Term Care Insurance

A Sensible Investment!

How much does Long Term Care Insurance COST in MN?

We will not waste your time.  Just complete the quote box to the right and we will email you side-by-side comparison quotes from three top Long Term Care insurance companies.

 

Rules for Purchasing Long Term Care Insurance
  • Rule #1 – if you cannot afford the premiums, do not buy any long term care insurance.
  • Rule #2 – freely discuss any health concerns. Certain insurance companies and other LTC insurance options may be a better fit for you based on your particular 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 plan design can be done.
Lowest Possible Rates for Long Term Care Insurance 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 LTC Policy?

The IRS regulations do not allow a 1035 exchange for long term care policies.

How much is disability insurance in MN

Long Term Care Insurance


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.

Long term care insurance MN
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 long term care 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.

Minnesota Long-Term Care Insurance Credit
You may claim the Long-Term Care Insurance Credit if you purchase insurance to provide long-term care coverage for yourself or your spouse, such as nursing home coverage.  To qualify, both of the following must be true:  The policy you purchased qualifies as a federal deduction (disregarding the 7.5 or 10 percent income test).  For more information, see Internal Revenue Service Publication 502, Medical and Dental Expenses. The policy has a lifetime benefit limit of $100,000 or more. Read more on how to get your credit https://www.revenue.state.mn.us/long-term-care-insurance-credit The credit is equal to 25 percent of the policy premiums, up to $100 per beneficiary.  For married couples, one policy covering both spouses qualifies for the $200 maximum credit; separate policies or premiums are not required. To claim the Minnesota long term care insurance tax credit you must complete Schedule M1LTI, Long-Term Care Insurance Credit.  Include this schedule when you file Form M1, Individual Income Tax.  For more information, see Minnesota Statute 290.0672.
One Final Thought . . . . .

We are here to help you.  We specialize in Long Term Care insurance plans and have many decades of experience working with the best carriers in the business along with a wide variety of customers from all walks of life.  We can help you get the answers you need to all your questions and concerns.  We can carefully guide you through this entire process so at the end, you can comfortably make the best decision that best serves your specific needs and circumstances.  So, give us a call. We would appreciate the opportunity to offer our professional guidance.

You Owe it to Yourself and Your Family!

Get your free Long Term Care Insurance Quote Today!