Transamerica Long Term Care Insurance Rate Guarantee
Last updated: July 21, 2020 at 12:48 pm
Long Term Care Insurance with Guaranteed Level Premiums. Every Transamerica long term care insurance TransCare Enhanced policy comes with an automatic 5-year rate guarantee. An optional rider for an additional 5-year guarantee period results in a full 10 years of guaranteed level premiums for Transamerica long term care insurance policyholders.
In this current economic environment with few guarantees, we think 10 years of guaranteed level long term care insurance premiums is worthy of your consideration. Contact us to learn about the Transamerica long term care insurance TransCare Enhanced policy. Two other features of this policy are the Transamerica Deferred Benefit Increase Option and the Shared Care Benefit Rider.
Hybrid Long Term Care Insurance Options
Life Insurance with Long Term Care Rider
Also offering guaranteed level premiums are Life Insurance with Long Term Care Rider policies. This type of policy is a good alternative to traditional long term care insurance. Premiums can be paid as a Single Premium or spread out over several years. Knowing that premiums can never change provides piece of mind beyond your long term care protection. Like traditional life insurance, the death benefit transfers assets to your heirs. Or, the death benefit can accelerate to cover long term care costs.
Long Term Care Annuity
Another option for guaranteed level premiums is a Long Term Care Annuity. A long term care annuity is a deferred annuities with a long term care rider. These hybrid long term care products, like traditional deferred annuities, provide future payments based on an initial lump-sum investment. These policies typically double or triple your investment for long term care benefits. For example, a $100,000 investment in an LTC annuity would provide to $200,000 or $300,000 of long term care benefits. This can provide an annuitant with tremendous leverage of their premium dollars.