Long Term Care Insurance - Idaho
Local Medicare Resource | Free Consultations | Offices in Idaho Falls and Pocatello | Licensed in 10 States
There are a few types of long-term care insurance: traditional long-term care insurance, hybrid long-term care insurance, life insurance with a long-term care rider, and fixed annuities with a long-term care rider.
Each type of coverage has different pros and cons worth considering.
What Are The Different Long Term Care Insurance Options?
- Traditional long-term care insurance: Also known as standalone long-term care insurance, traditional policies exclusively cover long-term medical expenses in your home or a facility. There is normally an underwriting process. There are just a few insurance companies that offer these products.
- Hybrid long-term care insurance: Also known as linked benefits or combo policies, these pair long-term care with life insurance or an annuity. A hybrid policy provides coverage for both extended care in your home or a facility along with a death benefit. If you never need long-term care, your loved ones would benefit from a life insurance payout after you pass away. Hybrid policies have become increasingly popular in recent years. There is normally an underwriting process.
- Life insurance with a long-term care rider: Some life insurance policies let you add on additional coverage for long-term care via a rider. A long-term care rider lets you use some of the life insurance policy’s death benefit to pay for long-term care needs while you’re still alive. There is normally an underwriting process.
- Fixed indexed annuities with a long-term care rider: A long-term care annuity is a deferred fixed annuity with a long-term care rider that provides enhanced coverage while protecting your money. These products normally do not require underwriting.
Get Your Personalized Comparison
This is a solicitation for insurance, a member of our team will contact you to discuss your Medicare questions.
“Lee has done a fantastic job of helping many of my clients! Highly recommended to help you in all of your Medicare needs!”
Vela T via Google
Ammon Location
Corporate Headquarters
Idaho Falls Location
Walk-Ins Welcome
Pocatello Location
By Appointment Only