Funding solutions
Once the planning priorities are clear, we can evaluate the types of funding solutions that may support your long-term care strategy. There is no single best product for every family. The right answer depends on age, health, assets, income, family goals, risk tolerance, and the level of certainty desired.
Designed specifically to help pay for covered long-term care services. May provide strong benefit leverage for the premium paid, especially for clients who want dedicated coverage and are comfortable with a policy designed primarily for care needs.
Combines life insurance with access to benefits for qualifying long-term care needs. May appeal to clients who dislike the idea of paying for coverage they may never use, because the policy can provide long-term care benefits if needed or a death benefit if care is not needed.
May allow clients to reposition existing assets to create dedicated long-term care benefits while maintaining contract value, death benefit potential, or other guarantees depending on the product design. Often attractive for clients who have assets set aside and want a more defined plan for future care costs.
Some families may choose to self-fund all or part of a future care need. Even then, the planning conversation matters. A self-funding decision should still identify which assets would be used first, how taxes or income might be affected, and how the family would make decisions if care were needed.
The goal is not to sell a product. The goal is to determine whether a dedicated funding strategy can create better options for you and less burden for your family.
Important Information
The funding solutions described on this website are provided for educational purposes only. Product availability, benefits, premiums, guarantees, and eligibility requirements vary by carrier, state, age, health history, and underwriting approval.
Not all applicants will qualify for coverage. Long-term care benefits, tax treatment, and policy provisions are subject to applicable laws and policy terms and may change in the future.
Any discussion of tax advantages is general in nature and should not be considered tax advice. Individuals should consult their tax advisor regarding their specific situation.