There are a number of viable options if you are denied Long Term Care insurance:

Annuities:

Medically Underwritten Single Premium Immediate Annuities take your medical situation into consideration and may provide a higher return or a lower single premium than standard annuities.  An excellent vehicle to obtain additional income for anyone with a medical condition.  This option is especially appealing for persons who are not eligible for Long Term Care insurance.  More info.

 

Prepaid Home Contracts:

Prepaid legal contract for discounted home care services.  If you are currently ill, or otherwise ineligible for long-term care insurance, following a six month to one year deductible period, you can qualify for these valuable services.  More Info.

 

Reverse Mortgage:

With a Reverse Mortgage, your may reduce the value of your estate; receive a tax-free lump sum or monthly stream of income, and fund healthcare, an annuity or life insurance. Your heirs can receive a tax-free death benefit from a life insurance policy to replace the loss of wealth due to payment of estate taxes. Upon the sale of the home or at death, your estate will have the benefit of a tax deduction for interest paid to the lender on the accumulated debt. Normally the full value of a home that is owned outright is subject to estate taxes at death, but a Reverse Mortgage reduces the value of a home, thereby lowering the applicable estate taxes due on a sizeable estate.

If you are age 62 or older, own your home outright, or has substantial equity in a primary residence, you may be eligible for a Reverse Mortgage loan.

A Reverse Mortgage gives homeowners the ability to take a loan against the equity of their home. It is very different from a typical loan, which requires monthly loan principal and interest payments be paid to the lender. A Reverse mortgage will enable you to convert the equity in your home into tax-free retirement income. You can enjoy living in your home while still taking care of responsibilities such as paying medical bills, long-term care expenses or insurance. A Reverse Mortgage satisfies both financial and emotional needs.