Well, the last remaining affordable traditional long term care insurance underwriter has announced new pricing to take effect March 31st. As we have discussed prior on our website, National Guardian Life has been priced 45% beneath market for married couples and partners applying together.
Well, to no surprise, all good bargains must come to an end.
National Guardian Life announced new pricing to become effective in 38 states on March 31st. The projected price change for new business applications for joint life will be - surprise, surprise - 35%. National Guardian Life will still remain the lowest premium for joint life, however the massive savings difference compared to alternative LTC insurance underwriters (such as Mutual of Omaha) will be ending.
The 38 states impacted on March 31st are: AK, AL, AR, CO, GA, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY
National Guardian Life is the only traditional LTC underwriter that offers joint life, Unlimited LTC benefit periods, and a Single Pay option. Additionally, the current National Guardian Life 10 Pay option is exceptionally priced.
If you have been considering long term care insurance and would prefer an affordable traditional long term care policy, now would certainly be the time to move quickly. Please also note that National Guardian Life is an underwriter that prefers healthy applicants. Medical underwriting to consist of a review of your medical records will be a requirement to your application being approved.
If I may assist you with getting started before the March 31st deadline, please call me at (800) 891-5824. Or you may schedule a call with me through the link to my online calendar.