Say Hello to HonestLTC
We know selling long-term care coverage can be hard. That’s why we’re excited to introduce HonestLTC — NGL’s new traditional long-term care product that pairs consumer-friendly enhancements with the unique features they’re known for, all without price shock. It’s straightforward and affordable LTC protection with nothing to hide.
HonestLTC is backed by NGL, a financially stable, midwestern mutual company with over 115 years of insurance experience. It will replace the existing EssentialLTC product beginning Feb. 13, in the following states:
AK, AL, AR, AZ, GA, HI, IA, ID, KS, KY, LA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, TN, TX, UT, VT, WA, WI, WV, and WY.
Product highlights:
- Joint pricing for couples
- Third shared pool option for couples (Shared Benefit Amount Rider)
- 2, 3, 4, 5 or 6-year benefit periods
- 10-Pay option (includes rate guarantee)
- 90- and 180-day elimination periods
- Monthly benefits of $1,500 to $12,000 ($300 increments)
- Calendar day elimination period
- Compound inflation riders of 1,2,3,4, and 5%
- Alternate plan of care
- Premium based on current age rather than age-nearest birthdate
- 5% partner discount for applicants that are part of a couple, but applying individually
Essential resources:
EssentialLTC Deadlines in Launch States:
- Feb. 13— Any e-appthat has not been fully submitted will be removed from the system and no longer accessible.
- Feb. 27— Any EssentialLTC applications written on paper or fillable PDFs must be received in the home office.
Exchange Program:
To ensure a smooth product transition, NGL will offer a guaranteed exchange from EssentialLTC to HonestLTC. Contact our team to learn more.