混合的长期护理保险 (Hybrid LTC)

Hybrid Long Term Care Insurance (LTC)

 

Long term care insurance (LTC) is part of the overall financial/estate planning.  I am that kind of person who likes to think ahead and prepare for the future.  It serves me well with this mentality.

 

A hybrid LTC means that when the policy owner doesn’t need LTC, he/she can still receive death benefit although the death benefit is much less usually a little more than the premium paid as compared to the LTC benefits that the policy owner would receive when needed. 

 

Something to think about:

 

1.  How many years of LTC are needed like two years acceleration with 2 or 4 years extension of LTC benefits, which give a total of 4 or 6 years of benefits.

 

2.  Whether to choose inflation protections like 3% or 5% compound rate.  Of course the higher the compound rate, the higher the premium.

 

3.  Elimination or waiting period: The 90 days waiting period means that the policy owner needs to be on long term care services (chronically ill) for 90 days in order to receive LTC benefits.

 

4.  Cash indemnity vs reimbursement benefits:  A cash indemnity benefit pays the full monthly LTC benefit without the policy owner having to submit specific monthly receipts while a reimbursement benefit (实报实销) requires evidence and approval of actual expenses before the receipt of the monthly benefit payment.

 

5.  LTC benefits received are typically considered as taxable free.

所有跟帖： 

• 这些保险的tax free，都是虚头，诱饵，因为你投进去的钱，已是被tax过了的，拿出时，自然是不应被再tax的 -pssci- ♂ (0 bytes) () 05/26/2019 postreply 07:53:59

• 常识：退休时有两米，不需要买long term care insurance -shanzhongke- ♂ (0 bytes) () 05/26/2019 postreply 17:58:05