Long-Term Care ProposalPrepared 2026 · Private & Confidential
Prepared exclusively for Client Name
Funding long-term care,
three different ways.
three different ways.
About 70% of people turning 65 will need some form of long-term care — and Medicare doesn’t pay for most of it. This proposal compares the three modern ways to insure that risk, side by side, so you can choose the structure that fits your goals.
Elfand Group · NPN 9506569Long-Term Care Proposal
Long-Term Care ProposalPrepared 2026
01 · Understanding Your Options
Three structures. One goal.
Every long-term care plan answers the same question — who pays for care if you need it? — but each structure gets there differently, with different trade-offs if you never need care at all.
Option A
Traditional
LTC Insurance
LTC Insurance
Pure insurance, like homeowners coverage for your health: pay an annual premium, and the policy reimburses care costs up to your benefit limits.
✓Lowest premium per dollar of LTC benefit
✓Tax-qualified (IRC §7702B) — benefits received income-tax-free
✓May qualify for state Partnership asset protection
—Premiums are not guaranteed — carriers can raise them with state approval
—Use-it-or-lose-it: no death benefit, no refund
If you never need carePremiums are spent — the protection itself was the value.
Option B
Life Insurance
+ LTC Rider
+ LTC Rider
A permanent life policy that lets you accelerate the death benefit early — typically 2–4% per month — to pay for qualified long-term care.
✓Someone always collects — care benefits for you or a death benefit for heirs
✓Premiums carry a no-lapse guarantee — often for a set number of years or to a set age (see your quote)
✓Unused death benefit passes income-tax-free
—LTC pool is capped at the death benefit — no extension
—Care claims reduce what heirs receive
If you never need careYour heirs receive the full death benefit, income-tax-free.
Option C
Hybrid /
Linked Benefit
Linked Benefit
Purpose-built LTC funding: a single or limited premium creates an LTC benefit pool typically several times what you put in, plus a modest death benefit.
✓Premiums contractually guaranteed — can never increase
✓LTC pool often 3–5× the premium via extension-of-benefits
✓Money is never lost: LTC benefits, death benefit, or return-of-premium
—Requires meaningful up-front capital
—Death benefit is smaller than a comparable life policy
If you never need careHeirs receive the death benefit — or you can often take your premium back.
Elfand Group · NPN 9506569Long-Term Care Proposal
Long-Term Care ProposalPrepared 2026
02 · Your Quotes, Side by Side
The numbers, compared.
Each column is an actual illustration prepared for you. Figures come directly from the carrier documents.
Figures are taken from carrier illustrations as of the preparation date and are not guarantees unless labeled as such in the underlying illustration. Traditional LTC premiums are subject to future rate increases with state approval. Always review the full carrier illustration before applying.
Elfand Group · NPN 9506569Long-Term Care Proposal
Long-Term Care ProposalPrepared 2026
03 · Recommendation & Next Steps
Where I’d start.
Next Steps
01
Pick the structure that fits your goals
Decide which trade-off matters most: lowest cost (traditional), family inheritance (rider), or iron-clad guarantees (hybrid). We’ll talk it through together.
02
Health underwriting review
LTC products are medically underwritten. We’ll pre-screen your health history informally before any formal application so there are no surprises.
03
Lock your age band
Premiums are set by your age at issue — every birthday makes the same coverage more expensive. Once you choose a direction, applying promptly locks today’s pricing.
Questions? Let’s connect.
Brian Elfand · brian@elfandgroup.com · 215.967.4244
For informational purposes only. Long-term care, life insurance, and linked-benefit products are medically underwritten; premiums and benefits depend on the carrier’s final offer. Benefit figures are drawn from carrier illustrations and are not guarantees unless stated as guaranteed in the illustration. This proposal does not provide tax advice — consult your tax professional regarding §7702B and §101(g) treatment.
Elfand Group · NPN 9506569Long-Term Care Proposal