Protect Yourself – Preserve Your Legacy
Do you want to have protection no matter what happens in your life?
Do you want to get maximum value for your money? Do you want a flexible policy that can change with your needs?
If you answered “yes” to any of the questions above, a LTC Linked Benefits policy may be the right insurance policy for you. A Linked Benefits policy is a unique life insurance product that allows you to protect your assets from a potential long term care (LTC) event and leave a legacy to your loved ones without having to purchase two separate policies. By paying an initial lump sum premium, or annually, you immediately create a death benefit for your beneficiaries and a pool of money to pay for covered long term care needs.
A Linked Benefits policy provides you with:
- A guaranteed death benefit that is generally income tax free – your beneficiaries will receive a death benefit whether you use none, some, or all of your LTC benefits
- Value for your money – typically, your death and LTC benefits are significantly greater than your initial premium
- Flexibility – no matter what happens in your life, you will have a guaranteed level of benefits
Linked Benefits can give you a sense of security about your financial future.
One of the best tips we give consumers is to look for linked benefit contracts that pay a cash benefit versus a contract that reimburses expenses. Make sure that the linked benefit contract has a calendar elimination period versus a service day elimination period. Try to pay the linked benefits premiums on an annual basis versus paying monthly. You may be able to save as much as 8 ½ % paying annually versus monthly. Our number one rule when purchasing LTC linked benefits or any long term care insurance plan, is to not purchase any plan if you cannot afford the premiums.
Long Term Care Insurance Advisors of Eden Prairie, Minnesota has been offering LTC insurance for 23 years and is a pioneer in the linked benefits market. You can call 952-937-9127 and we will give you a quote over the phone. You can be guaranteed that premiums will never increase when using certain linked benefit contracts.
Linked benefit LTC plans are not tax deductible and don’t have the Federal Partnership Program features like traditional long term care plans do.