The appeal of hybrid long-term care insurance plans is increasing, granting consumers a more dynamic substitute for traditional long-term care insurance. One such option is Brighthouse SmartCare, a policy known for its distinctive approach to addressing your long-term care needs and was recently made available to New York residents.

Key Features:

1. Benefit Builder: Brighthouse SmartCare sets itself apart with its innovative “Benefit Builder” feature, which allows your long-term care coverage to increase over time through the S&P 500. This feature caters to individuals who anticipate their long-term care needs growing in the future, ensuring adequate coverage when required.
2. Flexible Premium Payment Options: SmartCare offers a range of premium payment options, including 1 single payment up to 5-pay plans. This flexibility enables you to choose a payment schedule that aligns with your financial situation and goals.
3. Guaranteed Death Benefit: This hybrid policy provides a guaranteed death benefit, ensuring that if long-term care is never needed, your beneficiaries will receive a payout, protecting your financial legacy and offering peace of mind.
4. Return of Premium: Brighthouse SmartCare includes a return of premium feature, allowing you to surrender the policy and receive a portion of your premiums back, depending on how long you’ve held the policy. This feature, similar to other policies, allows for flexibility should your financial goals change over time.

Ready to explore Brighthouse SmartCare in more detail? Compare it to other hybrid long-term care insurance policies with a personalized side-by-side quote from LTC Tree!

5. Cash Indemnity Benefits: SmartCare pays out a monthly cash indemnity benefit when you need care, rather than being reimbursement-based. This flexibility allows you to use the funds as you see fit, without the need for submitting receipts or itemized bills.
6. Inflation Protection: To ensure your policy’s benefits keep pace with the rising cost of long-term care, Brighthouse SmartCare offers a fixed 5% compound inflation protection rider. This rider helps maintain the value of your policy benefits over time, providing adequate coverage when needed.
7. Waiver of Premium: Once you start receiving long-term care benefits, Brighthouse SmartCare waives any remaining premium payments, allowing you to focus on your care needs without worrying about financial obligations.
8. Simplified Underwriting Process: Brighthouse SmartCare features a streamlined underwriting process, which may make it easier for applicants with health issues to qualify for coverage.
9. International Coverage: SmartCare offers international coverage, providing long-term care benefits even if you decide to live or receive care outside the United States. This feature is an advantage for those who may have international retirement plans or desire flexibility in their care location.

Brighthouse SmartCare offers an innovative and flexible approach to hybrid long-term care insurance, with features designed to address your evolving care needs. Shuld you find yourself interested in the SmartCare product, assessing your financial standing with a financial professional is highly recommended.

Considering SmartCare as your hybrid long-term care insurance solution? Compare it to other policies with a personalized side-by-side quote from LTC Tree!