Broker Check

Life Insurance with a Long-Term Care (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.

 

Cynthia De Hart, MBA

Marketing Director

352-350-2008

(352) 350-2103

cynthia.dehart@lakeag.com

Cynthia joined Lake Advisory Group in the fall of 2020 as Marketing Director. She earned her MBA in Marketing from Xavier University and her Bachelor of Arts in Economics and Art History from Denison University. After her...

Read more

Joshua Simpson, MBA

Vice President Operations

352-350-2008

(352) 350-2103

josh.simpson@lakeag.com

Josh joined his father, Keith, at Lake Advisory Group in 2014. In 2020, he earned his MBA from St. Leo University in St. Leo, Florida. Josh uses disciplined research and analysis of industry investments and his broad knowledge of...

Read more

Keith A. Simpson, MBA

President

352-350-2008

(352) 350-2103

keith.simpson@lakeag.com

As a fiduciary, Keith lives his values: hard work, discipline, and doing what is right by the client. Keith joined Lake Advisory Group in 2009 and liked it so much he bought it in 2015. Prior to joining Lake Advisory Group Keith was a...

Read more