What If I Never Need Long Term Care?

Last week, one of my clients was concerned that if he didn’t need long term care, he would lose all the premiums he spent. So we added a very interesting rider known as Return of Premium Rider (ROP). An ROP rider gives back all the premiums spent (minus any claims) if the client dies before using any or all of their benefits. I love this rider and use it quite often. It is not expensive and protects the premium dollars spent over the years prior to needing the care. It is particularly appealing for clients who truly believe they will never need long term care.
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