Group Long Term Care Insurance vs. Individual Policies 

News today that John Hancock Life Insurance Company is adding back room staff in the form of an optional enroller service to its CorporateChoice product means that companies up to 1,000 employees will have access to additional resources when looking at CorporateChoice.

Here at LTCtree, we provide direct-to-consumer individual long term care insurance policies.  We believe that this is a better alternative for MOST people, and especially for people with good health.  I will try to go in to more detail below to explain the differences between what we offer and what group plans - from the same insurance companies - offer.

More on Group Long Term Care Insurance

As an example, with CorporateChoice, there is a provision that makes guaranteed-issue polcies available to all employees in a company in many instances.  This means additional risk for the insurance company, and it may not always be available, depending on the size of the group, and other factors about the particular company such as its demographics, and whether there is an employer contribution to the premiums.

With Hancock's group long term care plans, employers can creat custom plans in order to best suit their employees' needs.  They do so by choosing from an array of benefit levels and plan design features. As another benefit, John Hancock provides a comprehensive, customized marketing campaign.  This will include things like an employer website to support on-line enrollment, as well as toll-free access to a customer service center and full payroll deduction.

Why Individual Long Term Care Insurance is Better:

As an individual, you are rewarded by your good health choices.  Instead of being grouped in with all of your unhealthy coworkers, you are rated with a class of healthy people similar to yourself.  In virtually every case, as it stands right now, your individual policy will be less expensive than a group long term care insurance policy, provided you are in good health!