Funding Your Plan

It is helpful to understand what factors drive your premium costs.
We will discuss these below along with creative options for paying for coverage.

  • Age – the older you are the higher your premiums will be. Over a 20–year time span the difference in waiting a few years to get coverage can significantly impact the total premium you pay.
  • Health – the healthier you are the lower your rate will be. If you have the ability to change certain behaviors – diet, weight, cholesterol, stress, etc – and can improve your overall health you can re–apply for coverage and try to get a more favorable rate.
  • Benefits – a $500 per day unlimited time plan will be more expensive than a $100 per day one year plan. The benefits you choose affect your premium. Fortunately you can adjust these to arrive at a solid benefit that also has a premium that fits you budget.

Long Term Care insurance is typically paid for through income or savings; however, there are other creative methods for paying for coverage.

  • Combine Your LTC Insurance with an Annuity
    With this arrangement the interest from your annuity funds all or part of your long term care insurance premium
  • Use Interest From Savings
    Take some of the interest from part of your investments and savings to pay for your insurance premiums.

Long Term Care insurance is a way of taking a small portion of nest egg and setting it aside to pay premiums that protect the rest of your life's savings.

Have Questions?

If at any point you would like to speak with someone for more information,
contact 1-800-258-7041 or fill out our Request Information form!