Blasts & News

There are many changes taking place in the Long Term Care and Disability Insurance industries these days. The information comes from many different sources, and it can be quite confusing at times to put all the pieces together and make sense of it all. At NJLTC we send out several email newsletters , "Blasts" as we call them, a month. We keep our clients, brokers, and producers informed of all the relevant news, topics, and product updates that take place in our industry. Feel free to browse our archive of Blasts and News articles.


July News & Update Jul 3, 2018

Wow..halfway through the year already, boy did that go fast. In this issue we cover the Life/LTC product debate.

First, a little announcement:
NJLTC will be closed for business Wednesday July 4, 2018 for Independence day. We will resume normal hours on July 5th, and 6th.

Next an entertaining piece an insured actually sent me after buying an LTC policy for his wife. It made me chuckle a bit and I hope you enjoy it also...
Read it here

Now, to the meat of the matter, the two articles attached:

shed some light on the Hybrid Product vs. Traditional LTC discussion.

As The LTC and Life Insurance industry tackle the large and looming LTC crisis coming in our country, the hybrid life products have been designed to address the biggest objections to buying LTC:
  • What if I never use it?
  • What if there is a rate increase in the future?
Simply put, I think it is important to look at both options, the hybrid and the traditional LTC products. Personal financial situation and preference will direct you to one product or the other. Unfortunately, there are no simple answers when looking at the financial burden LTC could present in your future. It is important to plan for this possible eventuality no matter which product you choose.

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