Insurance Carrier:

Prudential Insurance Company

Platform:

LTC3 Employer Sponsored Program

Features:

Under the LBBS Voluntary Long Term Care Program:

  • This is a Tax Qualified Plan
    • Your premiums may be fully tax deductible or partially tax deductible to the extent of a special IRS tax deduction table
    • Your long term care benefits are tax free
  • Your long term care policy is “portable” and can be taken with you if you leave LBBS
  • Your Long Term Care policy requires NO medical underwriting (Simplified Issue)
  • Your long term care benefits will not be offset against Medicare
  • Your long term care benefits are paid on a reimbursement basis
  • You are eligible for benefits under your long term care insurance policy once you need substantial (standby or hands-on) assistance for a period expected to last 90 days or longer with two activities of daily living:
    • bathing
    • continence
    • dressing
    • transferring
    • toileting
    • eating
  • or when you need substantial supervision due to a cognitive impairment (such as Dementia or Alzheimer’s Disease), following the specified Elimination (waiting) Period for your policy

Options:

You will be able to design your own personal Long Term Care policy and premium arrangement best suited to your specific needs and personal situation, as follows:

  • Benefits of either $3,000, $4,500, or $6,000 per week
  • Benefit Period choice of 5 years or Lifetime
  • A 5% Compound Inflation option is available and if selected each year will increase your Monthly Benefit and your Policy Limit by 5% on a compounded basis
  • Partner/Spousal Discounts are available and may apply to your policy based on your personal situation. Policies for LBBS participants spouses, parents, parents-in-law, grandparents, grandparents-in-law, siblings, aunts, uncles or children 18+; same benefit options, with Full Underwriting
  • Premium Payment Options: 10 Years or Continual. 

 

 

M Advisory Group is presently licensed to sell traditional life insurance in the following states: AZ, CA (#0319876), CT, FL, IL, MD, MI, MN, NH, NM, NJ, NV, OR, RI, VT, VA, and WA. Insurance services are limited to residents of the above listed states. Residents of other states should consult with a local agent for insurance service.

Variable life and annuity products, as well as other securities products, may be sold in the following states: AZ, CA, CO, CT, FL, GA, HI, IL, NJ, OR, PA, TX, and WA. Residents of other states should consult with a local registered representative for securities products.

Securities and Investment Advisory Services Offered Through M Holdings Securities, Inc., a Registered Broker/Dealer and Investment Adviser, Member FINRA/SIPC. M Advisory Group is independently owned and operated.

M Advisory Group is a member of M Financial Group. Please go to mfin.com/DisclosureStatement for further details regarding this relationship.

This material is intended for informational purposes only and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, tax advisor or plan provider.