National Guardian Life Long-Term Care Insurance Review 2022: Competitively Priced

Thang Truong
Thang Truong
Updated on:

Long-term care insurance is probably a good idea. With an estimated 47% of men and 58% of women over 65 needed some type of long-term care, long-term care insurance will ensure that you get the care you need. On the other hand, Medicare doesn’t cover long-term care, so you can’t rely on that. 

Unlike hybrid policies, which combine long-term care with life insurance, National Guardian offers a stand-alone long-term care insurance policy. These policies are less expensive than hybrid policies, but if it turns out that you don’t need long-term care, all the money you spent in premiums benefits the insurance company. Compared with other traditional long-term care insurance policies in the market, National Guardian policy is very competitively priced.

Quotes of National Guardian Life Long-Term Care Insurance Policy

We got a quote based on a 50-year old female non-smoker, in excellent health. Your quote may be different based on your health and where you live. 

  • Daily benefit: $200
  • Elimination period: Zero days for qualified home and community care services, 90 days for everything else
  • Benefit period: Three years with a one-year benefit extension rider, so four years.
  • Total benefits: $200 x 360 x 4 years = $288,000
  • Annual premiums: $4,507; pay for 10 years. Total premiums: $45,070
  • If she ops to pay premiums for the rest of her life, the annual premium will be $1,926.

National Guardian does offer a lifetime benefits option as well, which may come in handy if you’re one of the 13% of people needing long-term care who will need it for more than five years. 

It is worth noting that this is a traditional long-term care insurance policy, which means that if you end up with not needing long-term care, you will lose the premiums you have paid to the policy. If this is a big concern for you, you should consider a hybrid long-term care insurance policy instead, which will pay out a tax-free death benefit to your beneficiary in such cases.

>>MORE: The 5 Best Hybrid Long-Term Care Insurance Companies

>>MORE: The 5 Best Traditional Long-Term Care Insurance Companies

Features of National Guardian Life Long-Term Care Insurance Policy

National Guardian Life offer several riders in its long-term care insurance policy:

  • Return of Premium rider
  • Inflation protection options
  • Couples discounts
  • Extended benefit rider
  • International benefits (up to 30 days)
  • Waiver of premium rider
  • Respite care benefit

We chose a 90-day elimination period, but you can choose any elimination period you want, from zero to 180 days. Kind of like the deductible on car insurance, a higher elimination period will reduce premiums, but you’ll have to pay more out-of-pocket if you need long-term care. 

National Guardian also offers Partnership Long-Term Care protection plans in most states. These policies provide additional dollar-for-dollar protection of your assets, so it’s worth looking into to see if your state offers these. 

Shared care benefit: This optional rider makes a third pool of money available which can be used by either spouse if you’ve used up your benefits under the base policy. This basically provides 50% more benefits should either spouse need it. 

Consumer Satisfaction Rating of National Guardian Life Long-Term Care Insurance

The BBB gives National Guardian an A+ rating. There are only two one-star reviews and sixteen complaints on the website, which is not a lot. Some complaints reflect a lack of communication, and some seem to indicate customers had no idea what they had purchased or how their policies worked. 

The NAIC gives National Guardian Life a complaint ratio score of .57, which is about half as many complaints as expected. The median average complaint ratio is 1.0.

Financial Strength Rating of National Guardian Life Long-Term Care Insurance

A.M. Best gives National Guardian an A- for financial strength, so it would appear they have the resources they need to pay claims. 

Last Thoughts

Long-term care insurance is not as popular as it once was, mostly because hybrid long-term care policies have slowly filled that niche. But it your in the market for a traditional LTC policy, National Guardian is competitively priced and offer a few unique benefits. The lifetime benefits option and the shared care option are excellent benefits that you may well need. National Guardian is a good option for LTC insurance.

>>MORE: Our reviews of the top 5 hybrid long-term care insurance policies:

Thang Truong

Thang Truong covers small business insurance and small business success at BravoPolicy. He is a licensed P&C insurance agent. Previously, he held product leadership positions at, Capital One, NerdWallet, and Mulberry Technology. He holds a MBA degree from UC Berkeley - Haas School of Business.

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