Clarence Napier · Insurance Broker and Consultant Supporting Business Owners · Episode 1152: Long Term Care Insurance Alternatives
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allow applicants to fund their own long-term-care needs (e.g., $100k-$200k) and have the carrier match those funds at a ratio of 1-to-1, 2-to-1, or 3-to-1 to increase total benefit amount
$100,000, $200,000, $600,000
“If I was looking at a fund at a top level, I'd go, well, what are my top 10 names? How hard are they run? Do I own those names across multiple funds I might own?”
“We get however many hundreds of applications and we fund about, I don't know, it's like 1 to 2% of the applicants.”
“In our case, we've got a funding ratio of 111 %. People get into trouble… when they're forced into a risk spot… we can be the master of our own destiny.”
“If you’ve got the ability to go a 50-50 LVR, say loan to value ratio, you certainly should look at that. So you’re not drowning in the debt of the fund or at risk of increasing interest rates.”
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