Welcome Yale University Employees
Hybrid & Traditional
Long-Term Care Insurance
Long Term Care Insurance Review
Which type of insurance is right for you?
No single insurance company, or product, can be "best" for everyone.
Watch our 8 minute video for an overview of the long-term landscape-and product choices available to you. Then to scroll down, click on one of the yellow buttons to learn more.
Please click on one of the yellow buttons below to learn more.
The majority of long-term care insurance being obtained right now is of the HYBRID variety. This format can be ideal for those who are thinking about “self-insuring” long-term care risk, or for those who want to pay up their coverage in a limited number of years (1-20). The downside is that Hybrids require more initial cash flow than traditional policies where premiums are paid until death, or until a claim is paid.
Guaranteed. Premiums and benefits are guaranteed by the insurance company and can never be changed.
If you don't use it - you don't loose it. If long-term care is never needed, premiums paid are returned to beneficiaries income-tax free at the insured’s death.
Your premiums can be returned to YOU income tax free. Depending on the insurance company you select, 100% of your premium payments can be returned to you if you find a better strategy, or simply want your money back.
Indemnity benefits are available. Depending upon the insurance company you select, cash long-term care benefits can be paid to you without restriction. This is important for care you receive at home because most insurance companies will only reimburse licensed providers.
No single insurance company can be "best" for everyone. The wrong choice can cost you hundreds of thousands of dollars at claim time. Some choices are more competitive for people who are married. Still others are more competitive for females or for people over age 65. Without obligation let us shop for you, so you can feel assured that you are making informed decisions.
New traditional long-term care insurance programs are vastly improved. The possibility for premium increases with the modern programs have been greatly diminished.
Unlike hybrids, traditional insurance premiums are relatively low - you can get more bang for your buck. However if you never need long term care, your premiums are not returned.
Visit our Traditional Long-Term Care Exchange website to learn more.
Encouraging News
The press has rightfully given older traditional long-term care insurance policies a difficult time for their significant premium increases. However the Society of Actuaries recently completed a study (pages 15 and 18 of the attached) minimizing the possibility of rate increases on newly issued (modern) long-term care insurance to 10% or less.
The summary suggests that today’s products really should be able to withstand moderte adverse experience without requiring a rate increase.
Keep in touch.
Evaluating your options can be confusing, so after reviewing the information on the following site we invite you to call us at 1-888-793-6111 or e-mail helpme@retirementguard.com. Normally, in less than 10 minutes, we can answer your questions and provide valuable insights—without obligation. Should you decide to obtain insurance, know we are paid by the insurance company.