Long Term Care Insurance Cost, Quotes, Companies, AARP

Long Term Care Insurance

Call us: 800-510-8810

  • Home
  • About Long Term Care
    • Long Term Care Planning
    • Cost of Long Term Care
    • How LTC Insurance Works
    • Long Term Care Annuities
      HYBRID LTCI
    • Life Insurance with Long Term Care Rider
      HYBRID LTCI
    • 1035 Exchanges and Hybrid LTC Insurance
    • LTC Insurance Costs
    • LTC Insurance Tax Deduction
    • LTC Insurance Reviews
  • LTC Quotes
    • LTC Insurance Quotes
    • Hybrid Long Term Care Insurance Quotes
    • AARP LTC Comparisons
    • USAA LTC Insurance Quotes
    • CalPERS Long Term Care Insurance
    • Arizona LTC Insurance Quotes
    • California LTC Insurance Quotes
    • Florida LTC Insurance Quotes
    • Indiana LTC Insurance Quotes
    • Texas LTC Insurance Quotes
    • Washington LTC Insurance Quotes
  • Your State
    • Western States LTC Insurance
      • California LTC Insurance
        • CalPERS Long Term Care Insurance
        • Fresno County LTC Insurance
        • Kern County LTC Insurance
        • Los Angeles County LTC Insurance
        • Orange County LTC Insurance
        • San Diego LTC Insurance
        • San Francisco LTC Insurance
        • San Jose LTC Insurance
        • Santa Barbara LTC Insurance
      • Colorado LTC Insurance
      • Hawaii LTC Insurance
      • Idaho LTC Insurance
      • Montana LTC Insurance
      • Nevada LTC Insurance
      • Oregon LTC Insurance
        • Portland LTC Insurance
      • Utah LTC Insurance
      • Washington LTC Insurance
        • Washington State LTC Trust Act
        • Seattle LTC Insurance
      • Wyoming LTC Insurance
    • Southwest States LTC Insurance
      • Arizona LTC Insurance
      • New Mexico LTC Insurance
      • Oklahoma LTC Insurance
      • Texas LTC Insurance
        • Dallas LTC Insurance
        • Houston LTC Insurance
    • Midwest States LTC Insurance
      • Illinois LTC Insurance
      • Indiana LTC Insurance
      • Iowa LTC Insurance
      • Kansas LTC Insurance
      • Michigan LTC Insurance
      • Minnesota LTC Insurance
      • Missouri LTC Insurance
      • Nebraska LTC Insurance
      • North Dakota LTC Insurance
      • Ohio LTC Insurance
      • South Dakota LTC Insurance
      • Wisconsin LTC Insurance
    • Northeast States LTC Insurance
      • Connecticut LTC Insurance
      • Delaware LTC Insurance
      • Maine LTC Insurance
      • Massachusetts LTC Insurance
      • New Hampshire LTC Insurance
      • New Jersey LTC Insurance
      • New York LTC Insurance
      • Pennsylvania LTC Insurance
      • Rhode Island LTC Insurance
      • Vermont LTC Insurance
    • Southeast States LTC Insurance
      • Alabama LTC Insurance
      • Arkansas LTC Insurance
      • Florida LTC Insurance
      • Georgia LTC Insurance
      • Kentucky LTC Insurance
      • Louisiana LTC Insurance
      • Maryland LTC Insurance
      • Mississippi LTC Insurance
      • North Carolina LTC Insurance
      • South Carolina LTC Insurance
      • Tennessee LTC Insurance
      • Virginia LTC Insurance
      • West Virginia LTC Insurance
  • Life Insurance
  • Group LTC Insurance
  • About Us
    • For LTCi Consumers
    • For Agents – General Agent Appointments
    • Craig Matesky, President
    • Mike Berger, Regional Sales Manager
    • Contact Us
  • News

TRUSTED INSURANCE CARRIERS

Mutual of Omaha long term care insurance.
Aetna long term care insurance.
John Hancock life insurance quotes.
Securian Financial long term care insurance.
Thrivent Financial long term care insurance.
Brighthouse Financial long term care insurance.
NGL long term care insurance.
Global Atlantic long term care insurance.

USAA Long Term Care Insurance Review, Rates and Comparison

USAA Long Term Care Insurance Review

USAA long term care insurance.This USAA long term care insurance review will help you understand what USAA offers and your options. Here’s the key points covered in this article:

  • Does USAA sell long term care insurance?
  • What is stand-alone long term care insurance?
  • Comparing the USAA long term health care plan.
  • Alternatives to long term care insurance.
  • Who needs long term care?
  • When to buy long term care insurance?

CLICK HERE To Get USAA Long Term Care Insurance Comparisons. We’ll give you quotes for the leading LTC insurance providers in your state and compare them to the USAA long term care offering.

Does USAA Offer Long Term Care Insurance?

USAA does not currently offer a stand-alone long term care insurance policy. Stand-alone long term care insurance policies are also known as traditional long term care insurance.

The USAA long term care insurance offering is a Universal Life Insurance Policy with a Long Term Care Rider. The policy is from John Hancock Life Insurance Company and focuses more on the death benefit than the long term care benefit.

How the USAA long term health care offering works:

  • The Long Term Care Rider is An Accelerated Death Benefit Rider.
  • The death benefit of the life insurance policy is also the long term care benefit amount. If the death benefit is accelerated for long term care expenses, the death benefit is reduced dollar for dollar, and the cash value is reduced proportionally.
  • There is NO extension of benefits like most hybrid long term care insurance policies. The Accelerated Death Benefit Rider only uses the death benefit to pay for long term care expenses.
  • There is no benefit increase rider (inflation protection) to keep the long term care benefit in pace with rising long term care costs.

Compare USAA Long Term Health Care Insurance

A good comparison to the USAA Long Term Care Insurance offering is the Nationwide Insurance Universal Life policy. It makes a great comparison because the Nationwide policy is also built on Universal Life Insurance, like the USAA Long Term Care insurance offering. But one significant difference is that Nationwide includes a Cash Indemnity Benefit.

Nationwide Cash Indemnity Long Term Care Benefit

Nationwide long term care life insurance.Here’s how a Cash Indemnity Benefit works:

  • Nationwide pays the entire monthly long term care benefit each month.
  • Nationwide Insurance places no restrictions on how you use your LTC benefits.
  • Even family and friends can be paid to provide care.
  • The policy will pay 100% of benefits internationally.

Most long term care policies provide reimbursement benefits. With reimbursement benefits, bills and receipts must be submitted to the insurance carrier for approval. The insurance company then reviews the claim and reimburses the exact amount of approved expenses, up to the amount of the monthly benefit.

Long Term Care Insurance Options

Stand-Alone Long Term Care Insurance

You pay an annual premium, and if you need long term care due to a cognitive or physical impairment, the policy pays for your care. Traditional LTC insurance policies make up about half of all long term care policies sold. Other features of stand-alone long term care insurance include:

  • Long term care protection is the number one goal.
  • Inflation protection is offered as a rider. This keeps the benefits up to pace with cost of care increases.
  • Shared policies are an option (one policy covers a couple).
  • Tax advantages for tax-qualified LTC plans.
  • Premiums may increase.

Alternatives To Long Term Care Insurance

Hybrid Long Term Care Insurance

Hybrid long term care policies are the popular alternative to long term care insurance. They combine the benefits of life insurance, or an annuity, with long term care benefits. You can buy a hybrid long term care insurance policy by paying a one-time lump sum premium, or over a set period of time.

If long term care is never needed, the policy works like a traditional life insurance policy. It would then pay a death benefit to your beneficiary when you die. And the death benefit is often similar to the amount paid for the policy. But if you need long-term care, the amount of money available can exceed the death benefit or long term care annuity value, often several times over, offering tremendous leverage of premium dollars.

Who Needs Long Term Care?

Someone turning age 65 today has about a 70 percent chance of needing some type of long term care during their lifetime. While one-third may never need long term care, 20 percent will need it for longer than 5 years. The average length of time people need long term care services is 3 years.1.

In 2022, the average national cost for 3 years of long term care is $325,215 ($108,405 per year). That cost of care is projected to be $587,373 ($195,791 per year) in 2042.2.

And it’s not only seniors that need long term care. Over 35 percent of people currently receiving long term care services are between 18 and 64.3.

When To Buy Long Term Care Insurance?

Like most advisers, we recommend buying long term care insurance in your fifties or early sixties. The primary reasons for this recommendation are:

  • The younger you are when you buy a policy, the lower the annual premiums.
  • By the time you reach your mid sixties, you’re more likely to have a medical condition that makes you ineligible for a preferred-health discount, or makes it tough to get coverage at all.
  • Even though you’ll pay premiums a longer period of time, you’ll typically pay less overall than someone buying at an older age.

So it almost never pays to wait. And, while you’re waiting, you’re uninsured. If an accident or illness happens causing you to need long-term care, you’ll have to pay out of pocket.

Get Long Term Care Insurance Quotes

Our 30 years of LTC planning experience will save you time and money!

One Stop Shopping
We compare your state’s long term care insurance companies, quotes and policy costs with the USAA long term care insurance policy. We also provide comparisons to the AARP long-term care offering.

Click Here To Get AARP Long Term Care Insurance Comparisons >>

Compare With an Independent Agent
We impartially shop the market of top-rated insurance companies and help you find not only the best rate, but the best company. We’ll supply you with rates, ratings, and reviews of the companies that sell these types of policies.

    * Full Name

    * Email Address

    * Phone Number

    * Age(s)

    * City & State

    * Zip Code

    Other Details (optional)


    You may also call our offices and one of our licensed professionals will answer your questions. Call: 800-510-8810

    1. 2022 U.S. Department of Health and Human Services (www.longtermcare.acl.gov), site accessed 01/28/2023
    2. Cost of Care Survey 2021 (Genworth.com), site accessed 01/28/2023
    3. Family Caregiver Alliance (www.caregiver.org), site accessed 01/28/2023

    Compare USAA Long-Term
    Care Insurance Options! Complete this form to get your
    Comparison and Planning Guide.

      * Full Name

      * Email

      * Phone Number

      * Age(s)

      * State

      * Zip Code

      Other Details (optional)


      You may also call our offices and one of our licensed professionals will answer your questions. Call: 800-510-8810

      Free Long Term Care Planning Guide

      Free long term care insurance buyer's guide.
      Download this LTC Planning Guide with your request. You’ll learn more about the options available to protect your assets and family!

      ©2023 - Acacia Insurance Services, Inc - All Rights Reserved.
      Privacy Policy