MassMutual Care Choice One

MassMutual Care Choice One

Here is some important information about MassMutual Care Choice One. The Choice Care One is a very versatile plan it offers clients many great options.   Mass Mutual has rolled out a single deposit, Long Term Care product that provides both Long Term Care as well as Life Insurance.  This product also has a guaranteed cash value build up.  All these options are provided by Mass Mutual to their clients in one policy called, Care Choice One.  In fact, unlike other similar products, the MassMutual product guarantees an increase on all benefits over time.  This is a single deposit product this means it is intended for lump sum roll-overs only.   There is an illustration for a 60 year old male depositing 100K attached here for your review.  Just click the following link.   Care Choice One Ilustration – MassMutual

Here is a breakdown of the results.  (based on current dividend payment)
100K deposit – 60 year old male

10 year results – $341,000 LTC, $193,994 Death Benefit, $132,499 Cash value
20 year results – $410,332 LTC, $234,782 Death Benefit, $175,039 Cash value
30 year results – $498,000 LTC, $355,412 Death Benefit, $311,000 Cash value

In fact, There is a product called Lincoln Money Guard.  This product will provide clients with slightly more leverage on the LTC benefit.   The differences are that the cash value never increases and the Death benefit will never grow. The MassMutual product may be a good alternative choice for clients given the growth on both values.

Please contact us if you are interested in learning more about this product.   You can reach us by either email at admin@croweandassociates.com or call our office at (203)796-5403. If you need an illustration or have general questions contact us. We are always happy to help with your insurance or investment needs.