Long Term Care Insurance Expert | Honey Leveen | Houston, TX

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Hybrid LTC Policies

January 25, 2016 by Honey Leave a Comment

The Big PictureMy love affair with Forbes contributor Wade Pfau continues. He’s written another clear, concise, accessible article on a complicated subject: explaining the newer, asset-based (also known as “hybrid”) long-term care (LTC) products.

In this piece, Mr. Pfau also explains the differences and the pros and cons between traditional long-term care insurance (LTCi) and the newer, asset based (hybrid) life/LTC plans. This part of the article gets a wee bit more technical, but it is clearly written.

Since I have a life insurance background, I understand asset-based (hybrid) LTC plans well and I like them.

Which choice is better? The jury’s out. Each approach has advantages and disadvantages.

The Big Picture is: take the risk of needing LTC seriously. It is real.

What’s the best insurance policy? Trick question. It’s the one that’s in force when you need it!

One thing is clear: to make the wisest decision you can, and to be very satisfied with it, you’ll need the assistance of an experienced, ethical, qualified professional…like myself!

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: asset based LTC, assisted living, Forbes Magazine, home care, hybrid LTCi, Long Term Care insurance, LTCi, Medicaid, Medicare, Nursing Homes, Wade Pfau

Is Traditional LTCi or Hybrid LTCi best for you?

September 12, 2014 by Honey Leveen Leave a Comment

Traditional Or Hybrid LTCiHere’s a September, 2014 Morningstar article by Christine Benz describing the main differences between traditional long-term care insurance (LTCi) and the newer hybrid (also known as “combo”) LTC products. Hybrid LTC products are life or annuity based; traditional LTCi is a type of health insurance.

This article is good because it is written in “lay” language.

I have more articles that describe the differences between traditional versus hybrid LTC approaches. Email me and I’ll send additional articles to you.

Although I’ve been working primarily with traditional LTCi for the past 24 years, before embarking on this career, I spent a couple of years selling life, health and disability insurance. I still know how to explain complicated aspects of life and annuity-based products adeptly and simply.

There are pluses and minuses to each approach. I like to show both approaches and don’t favor either. I just want to see more people take the high risk, high cost odds of needing long-term care more seriously, and plan accordingly.

In the Big Picture, each approach is good. Just take action and plan for needing long-term care, now!

Here’s an old, rhetorical question that’s been around well before I started my career. Here it is: what’s the best insurance policy? Answer: the one that’s in force when you need it!

Filed Under: Denial, Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: annuity-based LTC, Christine Benz, combo LTCi, hybrid LTCi, life-based LTC, long-term care insurannce, LTC Consciousness Tour, LTC Insurance, Morningstar

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Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

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Open Quotation Mark"Honey - Whenever I need a clarification regarding our “LTC” you are “Johnny on the spot” responding in a very prompt manner, reassuring me, informing me in a concise way, patient with me as I massage the understanding in my own words. Your knowledge is current and expressed with confidence, offered in your conscientious and upbeat personality. Quotation Mark ClosedIt is a pleasure to work with you. Thank you for your expertise." ~ Nancy Damon, Houston, TX
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Honey Leveen, LUTCF, CLTC, LTCP
“The Queen, by Self-Proclamation, of Long-Term Care Insurance (LTCi)”
404 Royal Bonnet
Ft. Myers, FL 33908

Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

Email: honey@honeyleveen.com

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