Long term care Soultions

 
Stand Alone LTC
According to the nonprofit Insured Retirement Institute, there are four risks to a stand-alone long-term care policy: It can be expensive, it acquires no cash value, the premium may increase, and the underwriting can be time-consuming.However it is simple and straight forward and qualifying you for LTC is easier than Life insurance.

Fixed annuity with LTC benefits
Fixed annuities, those CD-like investment vehicles that can provide an income stream for life, are a tough sell in the current low-interest-rate environment. However, if you're a risk-averse shopper who can't pull the trigger on a use-it-or-lose-it long-term care policy, an LTC annuity may be worth exploring.

The annuity approach has several advantages: You retain access to your money (although fees usually apply), the cost of the LTC rider may be less than an LTC policy, and you can obtain coverage without health underwriting if you've been turned down for a stand-alone policy.
The disadvantage: Besides that steep upfront investment, the rider fee can eat into your annuity's interest income, and you'll be locking that money up today at a relatively low rate.

Life insurance with an LTC rider
There's one important question to ask before you consider a life insurance policy with an LTC rider: Do you need life insurance?

The life insurance approach to long-term care coverage is fairly straightforward: You invest in a cash-value insurance product -- whole, universal or variable universal life -- and select your LTC coverage terms in the rider. Once you trigger your long-term care insurance coverage, it comes out of your policy's death benefit, usually on a prearranged schedule. At death, your beneficiaries get what's left of your life insurance.
The upside: If you don't use the LTC, you've saved the premiums of a stand-alone policy.And its much cheaper to add LTC if you have a life insurance need to combo with.
The downside:Life Insurance is much harder to qualify you for than standalone and annuities.Also if you have no life insurance need than this is not for you.