Long Term Care Playbook
At Diversified Insurance Brokers, we understand that planning for future care needs is one of the most important steps in protecting your retirement savings and your family’s financial well-being. Our Long-Term Care Playbook is designed to guide you through the three primary strategies for funding care—Traditional Long-Term Care Insurance, Hybrid Life + LTC policies, and Annuity + LTC solutions. With decades of experience and access to more than 100 top-rated carriers, we can help you choose a plan that fits your goals, budget, and health profile.
What’s Inside the Long-Term Care Playbook
Our playbook gives you the knowledge and tools to compare the different types of coverage and decide which works best for you. Inside, you’ll find:
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Overview of Traditional Long-Term Care Insurance—how it works, what it covers, and common benefit options
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Hybrid Life + LTC policies—life insurance with built-in long-term care benefits or accelerated death benefits
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Annuity + LTC solutions—tax-advantaged annuities that multiply your care dollars
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Cost comparisons between plan types based on age, health, and benefit design
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Underwriting insights to help you position your application for approval
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Tax benefits of certain LTC solutions under current IRS rules
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Checklists for determining which type of LTC plan may be right for you
The Three Main Long-Term Care Strategies
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Traditional Long-Term Care Insurance
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Standalone coverage that reimburses qualified care costs in your home, an assisted living facility, or a nursing home
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Offers the flexibility to choose daily benefit amounts, benefit periods, and inflation protection
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Best suited for individuals who want maximum benefits for the lowest initial premium but understand rates can increase over time
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Hybrid Life + LTC Policies
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Combines permanent life insurance with long-term care coverage
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If you need care, benefits are drawn from the death benefit tax-free; if not, your beneficiaries receive the full death benefit
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Premiums are guaranteed, so there are no surprise rate hikes
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Ideal for people who want to ensure that their premiums never go to waste
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Annuity + LTC Solutions
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Uses an annuity as the funding vehicle for care benefits
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Qualified under the Pension Protection Act, allowing tax-free withdrawals for LTC expenses
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Many options offer a “care multiplier,” turning your annuity value into 2–3 times more money for qualified care
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Works well for individuals with non-qualified money they want to reposition for both income and care protection
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Who Should Use the Long-Term Care Playbook
This guide is perfect for:
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Retirees who want to protect their savings from the high cost of care
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Families with a history of chronic illness or dementia
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Individuals who’ve been declined for traditional LTC but may qualify for a hybrid or annuity-based plan
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Those who want to leave a legacy while still having access to care benefits if needed
Why Work With Diversified Insurance Brokers
Choosing the right long-term care strategy is a big decision. We make the process easier with:
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Access to 100+ A-rated carriers for maximum choice and competitive pricing
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Expert knowledge of underwriting guidelines to improve your chances of approval
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Custom benefit designs that balance cost and coverage
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Objective guidance—we work for you, not the insurance companies
Example Scenarios Covered in the Playbook
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A couple in their late 50s chooses a hybrid policy so they can lock in benefits now and guarantee premiums won’t rise
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A retiree uses an annuity with an LTC rider to turn $150,000 into $450,000 of tax-free care benefits
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A 65-year-old purchases traditional LTC with 3% compound inflation protection to cover future home care costs
Get Your Copy of the Long-Term Care Playbook
The Long-Term Care Playbook gives you a clear, easy-to-follow path to protecting your future. Request your copy today and discover which strategy—or combination—best fits your needs.
FAQs: Long-Term Care Playbook
What are the main strategies covered in the Long-Term Care Playbook?
The Playbook covers three primary funding strategies: Traditional Long-Term Care Insurance, Hybrid Life + LTC policies, and Annuity + LTC solutions, comparing how each works, typical costs, and which might be best based on health, age, and goals.
How does Traditional LTC Insurance differ from Hybrid or Annuity-based options?
Traditional LTC is standalone coverage that reimburses care costs and has flexible benefit design but can have increasing premiums. Hybrids combine permanent life insurance and LTC benefits with guaranteed premiums. Annuity + LTC uses annuities (often with benefit multipliers) and allows tax-advantaged withdrawals for LTC expenses.
What is a “care multiplier” in an Annuity + LTC solution?
A care multiplier lets your annuity value be converted into an amount that covers more care dollars—often 2 to 3 times your premium or investment—when qualifying care is needed, stretching your resources versus standard payout structures.
How do underwriting insights help in selecting the right LTC plan?
They help you understand what carriers look for—health status, age, functional ability, medical conditions—and how to present your application so you can qualify for better pricing or more favorable policy designs.
Are premiums guaranteed in Hybrid LTC policies?
Yes. One of the advantages of hybrid life + LTC options is that premiums are usually guaranteed, meaning they won’t increase later due to age or worsening health as long as the policy remains in force.
What are the tax benefits discussed in the Playbook?
The Playbook outlines that certain LTC strategies—especially annuity-based ones—can allow tax-advantaged withdrawals for qualified LTC expenses. Also, hybrid policies may allow LTC and death benefits to be structured tax-efficiently under current IRS rules.
How do cost comparisons differ across plan types?
Costs vary based on benefit amount, inflation protection, health status, age, and policy design. Traditional LTC often offers lower upfront costs but comes with the risk of premium increases; hybrid and annuity-based options tend to be more expensive initially but offer more guarantees.
Who is the Long-Term Care Playbook intended for?
The guide is for retirees wanting to protect savings, families with a history of chronic illness or dementia, individuals declined for traditional LTC, or anyone intending to leave a legacy while still ensuring care benefits are available if needed.
Can the Playbook help me decide which LTC type is best?
Yes. It includes checklists, example scenarios, underwriting insights, cost comparisons, and benefit‐trade off tables designed to help you determine which strategy—or combination—aligns with your goals, health, and budget.
