For less than $65 per month, your 40 year old client can StartSmart&Build their long-term care coverage
Why let your younger clients go without any Long-Term Care coverage just because they are not yet ready to purchase all of their coverage today?
For less than $65 per month, your 40 year old clients can StartSmart&Build their Long-Term Care coverage.
Brain Shark on program: https://intramet.investmet.com/public/doclib/LifeMarketing/HTML/Hub/LSA/index.html
What does it mean to StartSmart&Build?
Your younger clients might have competing demands, and may not be able to afford
all of the long-term care insurance (LTCI) coverage they feel they will need in the
With MetLife’s Simple Advantage® plan, your clients can purchase the amount of
LTCI coverage that fits their current financial situation.
Later, they can build their protection by purchasing additional coverage as their
financial situation and life change over time.
- Every three years, up to age 65, your clients can purchase up to double their initial benefit amount (in increments of 25%). They could potentially build their coverage to $600,000 TBA and $9,000 MBA.
- Option to purchase every three years, up to age 65
- Can double their original Total Benefit Amount, in increments of 25%
- Without going through additional underwriting
LET’S SEE HOW IT WORKS…
To Start, your client, age 40, Purchases a Simple Advantage Policy:
$300,000 Total Benefit Amount
$4,500 MGA (Not available in all states)
With the Guaranteed Purchase Option (GPO)
= Monthly Premium of $63.69 / Annual Premium of $707.72 (This premium doesn’t include any potential discounts* such as household, preferred health or multi-life discount. These could potentially decrease your client’s premium by up to 45%.
This policy includes:
- 100% home care
- 100 Calendar day elimination Period
- Return of Premium on death up to age 70
- 50 days of Bed Reservation per year
- Needs Assessment and ongoing Care