March Case Study - which benefits should Nancy select?

03/09/22 • 15 min

Nancy found a cash indemnity hybrid LTC insurance plan that will pay her daughter and pay for licensed professional care if needed. She just needs to decide if whe wants a larger and level LTC benefit or if she wants to start small and grow the benefits over time. Listen to her options and email me at to share what you think she would choose, or what you would choose. We'll learn next week of her final decision

Previous Episode

Is there an LTC plan that I can use to pay my daughter and for professional care?

Nancy is moving into an addition her daughter has added onto their home for her. She wants a long term care plan that can pay her daughter to help her or pay for professional care at home or in a facility. She wants to know if there are plans that do both. The answer is yes, and Diane shares several options for cash indemnity LTC plans available for Nancy as she prepares to protect her family from having to sacrifice to provide for her if extended care is needed.

Next Episode

How did Nancy choose to protect her family?

This week, Nancy & her daughter Tammy decided to choose a hybrid, cash indemnity plan that will let Nancy use the money to pay for whoever and whatever care she needs, or it will pay a tax-free death benefit to Tammy if Nancy never needs care. Disclosure: In this episode, I stated that the hybrid plans were not available prior to the Pension Protection Act (PPA) being implemented in 2010. They were actually available before then, but the PPA law made the benefits completely tax-free if used for care or as a death benefit. Before that, benefits could not be combined and tax-free.