Chronic Illness Rider Traps! Don't Buy A Policy with an Unknown Benefit Amount (3 of 4)

Long-term care expert Scott A. Olson exposes another hidden trap of using universal life insurance with chronic illness riders to fund your future care. Sharing a personal story of a policy he bought and quickly canceled, Scott reveals how the fine print allows insurance companies to slash your expected benefits based on life expectancy. Learn how these policies compare to traditional long-term care insurance, which guarantees your benefits from day one.Buy my book on Amazon: https://zurl.co/6YK23Listen to the podcast: https://zurl.co/dtGSKWatch our YouTube channel: https://zurl.co/0DvqQVisit our website to learn more: https://zurl.co/8BxY3Scott A. Olson, CLTC®, is co-founder of LTCShop.com and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.Policy features, riders, and definitions mentioned in this article vary heavily by insurance carrier and state regulations. Partnership protections apply only to state-approved plans. Consult an LTCShop.com licensed specialist for specific carrier language.