#tech #ltc #wa #washington #longtermcare Sorry for late post. Any places still offering Standalone insurance to opt out of long term care policy ? If so at what quote. If not, should I opt for a rider insurance and if so who is offering those ? I got a quote from state farm for 51$ for 50,000 coverage as rider. For 12 months this is about 600$. My base salary is 100k$ so 0.58% is 580$. I feel this is less than my total cost . Are ppl planning to buy rider insurance and then get opt out exemption and then cancel after that ? can we do that. Tc: 140k$ Please troll me for late post but also give some valid inputs.
Is Transamerica no longer offering ltc in WA?
I don't believe they are offering standalone
Does the statefarm ltc rider meet the wa state criteria bec my understanding was that it doesn't
I believe it does.
A type of rider found in some life insurance policies called an accelerated death benefit does not qualify as LTC insurance. An accelerated death benefit is when the death benefit of a life insurance policy is gradually reduced and converted to cash payments following the diagnosis of a terminal illness. For an accelerated death benefit to qualify as LTC insurance, the rider must comply with all the long-term care regulations and will refer to long-term care services in the name of the rider. An example is an “Acceleration of Death Benefit for Qualified Long-Term Care Services.”
The 0.58% applies to any rsus u get.
Omg !
So that $600 is actually less then u would pay if you just accepted the tax