FEGLI.net Introduces Long Term Care Insurance

FEGLI.net is pleased to announce the addition of comprehensive side by side comparison  for Long Term Care Insurance or LTCi.

The Federal Long Term Care Insurance Program(FLTCIP) has introduced version 2.0.

FLTCIP 2.0 includes rate increases of 25% for most existing policy holders who were age 65 or younger when they purchased the plan. Rates for most new applicants under age 66 have been increased 35%. The new plan includes one major benefit enhancement, 100% home care and some minor enhancements concerning maximum limits.

As with our life insurance comparisons, we offer federal employees the most comprehensive and informative LTCi comparisons in the country. You will be able to compare the FLTCIP 2.0 plan with the top four carriers in the industry, Genworth, John Hancock, Met Life and Prudential. The comparison will not be a rough estimate but an exact comparison based on your personal profile and policy design.

You may be surprised to learn that it is possible for healthy federal employees to increase their long term care coverage and reduce their costs.

Due to  couples’ discounts of 30-40%, zero day home care deductibles and “shared care” plans which allow couples to share unused benefits, healthy couples can substantially increase their coverage while reducing their cost!

None of these options are available under the government’s FLTCIP 2.0 plan.

In many cases, you can purchase long term care insurance with the savings realized from the FEGLI.net life insurance comparison to FEGLI Option “B”. In other words, it’s possible that you may be able to purchase guaranteed life insurance and Long Term Care insurance for the same or less than the cost of your current FEGLI Option ”B”. The process is free and the savings could be substantial.

Unlike the life insurance comparisons on the home page, and due to the complicated nature of the quotes, LTCi comparisons are not available using online quotes. For your free, personalized quote, please complete the brief request form below and we will contact you within two days to complete the information required to generate your comprehensive comparison.

Links of interest:

Cost of care in your area

Long Term Care Clearinghouse

Glossary of terms and other important resources

State approved partnership plans

If you have any questions or concerns, please feel free to give us a call at 1-800-TERM USA.