How many times have you heard about Chronic Illness and Long Term Care riders on life insurance? This is a huge industry trend, and for good reason – the traditional LTC market is quite unsettled but your clients’ needs remain. When people ask how these riders work, the answer is almost always, “Well, it depends on the carrier.”
There are multiple ways the myriad of hybrid products work. This white paper gives the plusses and minuses of both LTC and Chronic Illness AND discusses within the Chronic Illness space how various contracts can be structured; discussing once again the merits and drawbacks of each method.