There are several types of long-term care (LTC) solutions available, and choosing the right one can be overwhelming for clients. That’s why we’ve created the “Common Long-Term Care (LTC) Products” summary guide to help advisors and clients evaluate which type of product may be most appropriate based on the client’s unique circumstances and planning objectives.

This guide simplifies the decision-making process by outlining the key differences between LTC product types. It serves as a valuable tool to help align potential solutions with the client’s personal goals, medical history, and financial situation.

It addresses key considerations such as:

• Whether the product focuses on LTC benefits, a death benefit, a combination of both, or annuity features.
• How pre-existing medical conditions may affect product eligibility or suitability.
• The duration of premium payments and whether those payments may be tax-deductible.
• The range of features and benefits available across different types of LTC products.