Additional CE > Texas > Life / Health

Hybrid Long-Term Care Insurance Products

Overview

Long-term care (LTC) costs are rising significantly each year, but sales of stand-alone LTC insurance remain weak. Changes in tax laws have made LTC benefits under annuity and life insurance policies more attractive. This course covers hybrid insurance products, which offer “linked” benefits for LTC services. It highlights the need for retirement and senior market producers to understand LTC funding options, with hybrid products as potential alternatives to traditional LTC insurance.

Summary Details

Hours

7.0

Price

$29.70







Learning Objectives

  • describe the nature of long-term care and the settings in which it is customarily provided
  • demonstrate an understanding of the risks of needing long-term care and its costs in various settings
  • explain the tax rules applicable to distributions to pay for coverage under annuity and life insurance hybrid products
  • describe the principal benefit designs and features of annuity/LTC hybrid products
  • explain how long-term care benefits are delivered under life insurance/LTC hybrid products
  • identify the suitability factors to consider when recommending annuity/LTC and life insurance/LTC hybrid products


Designed For:

Life and health insurance producers and finance professionals

Important Study Requirements: The Texas DOI does not permit agents to access the final exam until the student's time in the course equals the number of approved credit hours.


Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 46877
Last Reviewed: February 2024
Study Level: Advanced
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 50



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