A New Hybrid Life Product May Be Just What You Need

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A New Hybrid Life Product May Be Just What You Need

Life and Long Term Care Together

Long term care continues to be a very important issue for all Americans. Life insurance is also part of financial planning for both individuals and businesses in Denver.  60% of Americans will at some point become impaired enough to need long term care of some kind. Annual costs of care can range from a high of $200,000 to a low of $75,000, depending on services required.  50% of bankruptcies are due to medial expenses.

There is a product that combines both life insurance and long term care under one insurance policy. Chronic illness riders and long-term care riders offer added benefits. This is done on a tax-advantaged basis to the policyholder.  The product is called life insurance with “accelerated benefit riders” (ABR’S).

The terms of the life insurance will allow the insured to apply for a settlement to have a portion of the life insurance paid in advance. There is a documentation process but the payments are still considered nontaxable. There are dozens of illnesses that qualify.

At DCInsurers – Mountain, we know the importance of family, which is why we dedicate ourselves to finding the best and most comprehensive Denver personal insurance policies to protect your family and loved ones at the most competitive pricing available.




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