No. of Recommendations: 1
Hi Peter -

Sounds like you are looking at First Penn's Moneyguard product - the linked benefit contract that they offer. I can tell you that it's a good contract from a good insurance company and that for the right client it's an excellent choice. You do potentially give up some return on the money, and you need to consider the amount of your deposit to be money that you don't plan to ever need. But, unlike other LTC plans, either you or your heirs will eventually recover everything you ever put in, and then some. Oh, you should compare individual contracts to the joint contract, as there are a few differences...

We've used this contract with clients and have been very satisfied....
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