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Long Term Care Insurance Comparisons

Long-term care insurance – Why is it necessary

If you are in poor health and above 65 years of age, then you should purchase long term care insurance policy as there is always inescapable possibility of getting injured and being unable to pay for medical care in the future. This policy is an indispensable part of your balanced retirement plan and serves as a tremendous help for taking care of your future financial needs at the time of medical emergency. With us, you have the privilege of receiving the best Long-term care insurance plan by simply comparing different insurance companies. You can find wide range of long term care insurance deals available in the market with the help of various comparison websites that can help you fetch the lowest insurance premium.

Select best long term care insurance quote and avail its benefits Online comparison of long term care insurance quotes plays an important role in quickly helping you decide on the best insurance policy coverage for you.

Providing accurate personal details, type of policy, zip code, age and health of applicant can help you fetch the best possible long term care insurance deal. You can easily compare and select the best long term care insurance quote that have the best insurance coverage with an affordable premium rate. The best way that a customer can avail the free long term care insurance quotes by comparing about 3-4 insurance carriers and then selecting the best provider. A customer should buy the Long-term care insurance that offers complete payment for all your expenses for the nursing facility or home care for a long term illness for atleast one year.

Introduction : Long term care health insurance Long term care insurance policy covers the health care needs of the individuals above the age of 65 or who have a chronic condition or a disability requiring constant supervision. Long Term Care Insurance can help you pay for all your expenses for the nursing facility or home care for a long term illness. long-term care insurance policy is a type of personal care service you may need if you become unable to care for yourself because of a prolonged physical illness, a disability, or a cognitive impairment, such as Alzheimer’s disease etc.

Retirement Admin

January 26, 2012

Insurance Services

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Points to Consider Before Buying a Long Term Care Insurance Policy

Article by long term care insurance, long term care insurance policy, tax deduction, ltc, ltci

Owning a Long Term Care insurance policy is a must for those who want to live a more comfortable and worry-free life after retirement. Not all realize how important a LTCi policy is until they have reached the time when they can no longer take care of themselves and will just depend on others’ help to get themselves through every single day.

A LTCi aids the insured individual by providing him medical and non-medical services that he might need in the future. This includes providing him with nursing care facilities, therapy and rehabilitation, and other medical facilities. One reason that might be preventing some Americans to consider buying an LTCi policy is the price. This kind of insurance policy is quite expensive and a portion of your income must be allotted to pay the premiums. But with the continuous rise in the costs of LTC services, cheaper alternatives are being developed and promoted by the local state governments and private insurance companies.

To get better deals and better inflation protection, an LTC policy is better acquired at a young age. Those who purchased a Long Term Care insurance policy at age 61 and below will have an annual compounded inflation protection of not less than a rate based on changes in the Consumer Price Index (CPI), or a yearly compounded inflation protection of not less than 3 percent. In an effort to help and encourage the local residents, some states offer Long Term Care Insurance Partnership Program which is a joint effort of the participating states’ local government and some private insurance companies. This kind of Long Term Care insurance policy lets you apply and qualify for Medicaid once the partnership policy that you acquired has been fully exhausted. It also offers Dollar-for-Dollar asset protection and some levels of inflation protection. Since a Long Term Care Insurance policy is not cheap and requires you to allot a big amount of your budget, you might want to remember some tips in choosing and buying your Long Term Care insurance policy:1.Be sure that you purchase your Long Term Care insurance policy from trusted and credible insurance agents or companies. It is wise to know first the financial background and ratings of the company to be sure that they can afford to pay your Long Term Care insurance policy by the time that you need it.

2.Do not be afraid to ask about some complex or complicated insurance policy terms that may boggle or may not be too familiar to you. It is important that you understand and that the policy is well-explained to you to avoid misunderstanding and confusion.

3.If your Long Term Care insurance policy is tax-qualified, the policy must abide with the Long Term Care insurance tax deduction rules and regulations. A tax-qualified LTC insurance policy requires that your condition needs at least 90 days of care, and that a licensed health care professional is available to give a “plan of care” to the insured.

With a large portion of your budget and savings at stake, it is important to be aware and to clearly understand the advantages and disadvantages of having a Long Term Care insurance policy. Be sure that the policy you will buy fits your future needs so that you can use and fully maximize its benefits.

15-minute version: Long-Term Care Insurance: Alternatives and Solutions by William Upson (15-min) longtermcarebooks.com What you need to know about Long Term Care Insurance. This video refers to the book: Long-Term Care Insurance: Alternatives and Solutions by William Upson How catastrophic medical bills can wipe out your retirement — and what to do about it right now! This book is designed to educate you about what to do before you become ill, or when you become seriously ill or disabled, what you should do. We urge you to consider how you will meet long-term care needs for yourself and your family. We have tried to provide you with as many options as possible on how to prepare for this potential crisis. Our goal is to see people preserve their assets while maintaining their freedom to choose the type of care that best meets their needs. This book explains what long-term care is and who may need it. It provides checklists to determine your individual needs. It provides guidelines on choosing a professional who can help you design a plan that will preserve the physical, emotional, and financial well being of you and your family. Please take the time to educate yourself and your family about long-term care. It may affect you when you least expect it. It could mean the difference between financial and emotional security or winding up in a government-mandated facility far from home and family. Scary? Yes! Only you can decide to plan for a secure future, but do it now …

What Ladies Would like to Recognize Concerning Long Term Care Insurance

Article by Cary Mcdonald

If you’ve got assets you wish to safeguard, will afford the premiums, and want to make sure somebody other than the govt. can be sure of you must you would like it, then long term care insurance is for you. This is particularly true if you’re a woman. Long run care insurance may be a key part of a sound money plan.Why Do Women Need Long Term Care?Girls have a significantly higher likelihood of needing long run care as they age, whether or not that care comes from home health care staff, nursing homes or assisted living facilities. Just the actual fact the ladies out live men increases their likelihood of needing such care. Because we have a tendency to live longer, we run a bigger risk of falling victim to debilitating diseases, Alzheimer’s, dementia, broken bones and different medical conditions that often necessitate future care. In addition, since ladies are typically the caregivers within the family, very often if a person is in want of long term care or assistance, if his wife will provide that care, she does. With men statistically dying younger, that leaves nobody to require care of ladies after they need it.A significant concern, especially when it involves nursing homes and assisted living facilities is privacy and preserving your dignity. Sadly, Medicare and Medicaid coverage will cowl solely certain facilities and for semi-personal rooms only. Typically you pay your remaining days in a place that, given the chance, you would not have chosen for yourself and sharing a space with a stranger. Sounds pretty unfortunate to me. Luckily long term care insurance will prevent from that situation.What You Need To Do To Defend Your Dignity And HealthGirls want to be proactive in creating sure that they have long term care insurance for themselves to guard their own dignity, security, privacy and financial assets. They have to teach themselves on the varieties of policies out there and the restrictions of each. You would like to form sure that no matter policy you select covers the kind of care you’d sometimes choose. Typically there are restrictions, particularly on home health care. Another issue to be sure of is that your policy has inflation protection designed in, as a result of the price of care today can be much different in the longer term, particularly if you don’t would like to use it for another twenty plus years.Be certain to search out out about any attainable discounts to help save you on premiums. Often, removing a joint policy together with your spouse can scale back the value of separate policies. However if your spouse is reluctant to carry such insurance, go ahead and create positive you are covered. Ladies want this protection abundant more than men do. There might additionally be a cost break if you’re in sensible health at the time you first purchase your policy. Additionally, making one yearly payment on your policy tends to save lots of you the charges affiliated with payment plans.Investigate all the options on the market to you in choosing your policy. Give serious thought to how long you’ll afford to cover yourself before the long term insurance kicks in. This can facilitate you decide on the best elimination or waiting period for your policy. If you’re unsure regarding your future finances, perhaps a nonforfeiture clause would be a good idea, therefore you still have some coverage ought to you would like to cancel your policy for monetary reasons.When Should You Take Out A Long Term Insurance Policy?When should you’re taking out such a policy? Buying long run care insurance <http://www.longtermcareinsuranceaxis.com/Long_Term_Care_Insurance_Companies/Long_Term_Care_Insurance_Companies.php> at a younger age means that lower premiums, however sometimes for a protracted amount of time. You must qualify for this sort of insurance too, thus you need to make certain that you’re still healthy and don’t wait too long before buying this type of protection. It is particularly important to carry long term care insurance if you’ve got a family history of certain diseases like diabetes, Alzheimer’s, Parkinson’s or others typical of needing future care. GE Long Term Care Insurance Company may be the personal soothe you have been seeking.

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What Is Long Term Care Insurance and Why Would One Need To Have It?

Article by Breckin Ayers

I am guessing that you probably do not regularly think about what long term care insurance is, and you might be at a loss for words if someone were to ask you why you would need to have it. A lot of people are in the same boat as you are, and so, there is no reason to feel bad about being a little bit “clueless” as to what it may be. You can easily find out what it is and why you need to have it, and then be better prepared and informed for it. Insurance is often one of those subjects that catches people off guard, and unfortunately that can lead to some severe money pains as well as undue emotional stress.

Not Sure What Long Term Care Insurance Really Is?

Long term care insurance can often be referred to by the shortened versions of LTCI and LTC. If you are asked about LTC or LTCI, now you know exactly what it is that they are talking about. Don’t feel as though you need to be an expert on the subject to get an understanding of what it is. All you need to really know can be explained in this short paragraph:

Long term care insurance is a form of insurance that provides coverage for long term care past a certain point that is predetermined in the insurance policy. This is valuable to you because sometimes health insurance policies do not offer any kind of coverage for long term care, and that can put you in dire straights financially if you happen to incur any long term costs that you did not plan for, or just cannot afford.

Basically, this kind of insurance policy can help you when you cannot take care of yourself and the financial costs of having to hire a service or a person to take care of you would be so high that you would not be able to afford it. Some people assume that this is only for the aged to consider, but that is not the case. Anyone who comes down with an unforseen traumatic injury can find themselves where they need to be able to find a service or an individual to take care of them, and at that moment, this kind of policy can help you take care of that.

Is There A Compelling Reason to Have Long Term Care Insurance?

You bet there is. There is the much more obvious reason of the fact that you are probably going to live to an age where you may not be able to take care of yourself and this policy can help you so that you don’t have to worry about having to afford to cover that kind of thing for yourself. So, this is something that most peple are going to need to have when they get older. But, as I explained before, there are situations where people need to have this kind of care and coverage when they are much younger.

Have you ever seen what the daily costs for long term care can end up being? You can easily be asked to pay $ 300 a day or much more for this kind of care, and who can really afford that? This is why it is imperative to consider buying a long term care insurance policy. After all, do you think that you will be able to handle the rising costs of long term care? Most people will not be able to.

There is also always the risk of having a terrible injury that causes you to need to have long term care for yourself. No one expects it to happen, but it does. And in the event that you need to have this kind of coverage and you don’t have it… that can be a recipe for disaster. You don’t want to run that risk, do you? I would hope not. All you have to do is call a reputable insurance company and ask them what it would cost you to get this kind of coverage. That’s not too much effort, is it?

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Plan with Long Term Care Insurance Quotes

Article by Rhonda Walton

Nowadays, it’s better to have a long term care insurance policy with a short benefit period than none at all because the cost of care is expected to rise in the next 20 years. Start your health care plan now with long term care insurance quotes lets you face the worst as you let the grass grow under your feet.

Long term care specialists and the government have been constantly reminding everybody to come up with a plan for their future health care because the industry is expecting the price tags of various long term care (LTC) services to go up in the succeeding years.

People are discouraged from considering Medicaid in their plan as this federal health insurance program is going to run out of funds very soon if its long term care spending will further increase.

It can be recalled that Medicaid covered at least 49% of the nationwide long term care expenses last year. Only a very small percentage of the country’s total LTC expenses was covered by private insurance.

As a matter of fact, the government has informed Medicaid beneficiaries in nursing homes that they can go home or opt for an assisted living facility where they will continue receiving care and support from Medicaid. Elderly beneficiaries naturally raised hell as they refused to leave the nursing institutions because according to them not all health conditions can be treated at home.

The reconstruction of Medicaid stems from budget problems. Initially designed for low-income families, most of today’s Medicaid beneficiaries in nursing homes are from the middle class.

According to health care professionals, most middle class elderly residents in nursing homes start paying for LTC services using private insurance, but it won’t take long before they shift to Medicaid.

Perhaps, they are talking about policyholders of the partnership program as these individuals can instantly apply for Medicaid assistance after exhausting their policy benefits so that they can receive further care. They don’t have to spend down their assets to qualify for Medicaid for as long as their maximum policy benefit is equivalent to the total amount of assets which they plan to protect.

Where To Get Long Term Care Insurance Quotes

Policyholders of the partnership LTCI don’t rely solely on Medicaid so if and when they would require further care someday from Medicaid, they shall definitely be accommodated in nursing homes.

Avoid ending up like many elderly folks who forgot to plan their health care and are now being forced to leave nursing homes just so the government can cut down on LTC expenses. Purchase a comprehensive long term care insurance (LTCI) policy that will cover all sorts of LTC settings.

Your insurance will cover your home modification expenses someday should you decide to receive care at home. Meanwhile, if you’re expecting to receive care in a nursing home, you won’t be kicked out because you are paying out of your insurance.

There’s no other way to fight the high cost of care and the unpredictable plans of the government than by having your own LTC plan. Contact your insurance agent to request long term care insurance quotes.

What Long Term Care Insurance Policies Cover?

Not all elderly need long term care insurance, but it does not mean everyone should overlook this protection during their retirement years. The recent survey and studies on the cost of care in the United States are upsetting, giving the impression that people would suffer paying for exorbitant LTC services throughout their senior life. Seniors could stay in nursing homes and other LTC facilities for the average span of two years, while those with chronic health issues and cognitive disorder would take five and more years of stay.

Most long term care policiesoffer numerous features and options of services that consumers find difficult to select and understand. The following are what most LTCi policiescover:

The Daily Benefit

This refers to the amount you wish to receive on a daily basis, and it has direct effect to the price of your premium – the higher the daily benefit means more expensive premiums.

You must assess how much daily benefits you need to avoid overpayment. Take time to research on the costs of LTC services in your community or state to get a clearer picture on how much daily benefits you will need.

The Length of Benefits

The average stay in LTC facilities is two to five years, so it is a wise decision to keep your benefits within that time period. However, you must look at other factors such as your family’s longevity and health history, and your personal health background as well. There are few companies that offer unlimited benefits, but expect the premiums are extra expensive.

The Elimination Period

Elimination period is commonly called a “deductible” which is the same as other types of health and life insurance.

These are usually the number of days the policyholders, from zero to 365 days, would pay for their care through out-of-pocket expenses. You reserve the right to choose your elimination period depending on your financial capacity to pay the preliminary costs.

The Inflation Protection

This is the most important features in LTCi because it increases the daily benefits. Some experts recommend 5% inflation to keep the premiums controllable and the benefits increasing as much as possible. However, you must assess yourself how much inflation rate you can afford, because it will surely affect the amount of your premiums.

Guaranteed Renewable

This means the policy shall continue provided that you are paying the premiums and comply with the company’s policy. The coverage should continue regardless when the company stops offering the same kind of policies. This feature does not ensure the premiums will not increase its rates or the premiums itself.

Levels of Care the Policy Covers

Most LTC policies may cover skilled and non-skilled care. Registered nurses and health care professionals provide skilled care services such as supervision on medications and therapy. Non-skilled services are generally assistance with activities at home to help the patients continue their normal lives. This means policyholders may enjoy the flexibility of using the benefits for nursing care and home care. Some policies may include the coverage for your family members or anyone you wish to provide care for you.

Long Term Care Insurance Offers What Your Health Insurance Doesnât

Article by Heather Foster

Despite the regular dissemination of up-to-date long term care insurance information, many people still do not see the difference between a long term care insurance policy and their regular health insurance.

Majority of young adults in the workforce think investing in a long term care insurance (LTCI) policy is a form of redundancy since they already have a health insurance plan. What they fail to understand is the fact that long term care insurance (LTCI) provides coverage in areas left alone by their regular health insurance.

Health insurance pays for your doctor’s fees and medical treatments but it will not pay for the long term care (LTC) expenses that you would incur in a nursing home. It will neither pay for in-home care nor services that you avail from an assisted living facility.

In other words, health insurance policies are limited to medical care while LTCI policies provide coverage for both custodial care and medically necessary care.

Custodial care refers to the assistance which is provided to an elderly or disabled individual who has functional limitations and is not capable of performing the ordinary activities of daily living (ADL) such as eating, bathing, dressing up, toileting, continence, and transferring.

Custodial care can be received at home, in a community-based LTC facility or in a nursing home but the latter is specially designed for people with a chronic illness or those recovering from a serious injury. Custodial care in nursing homes happens to be inclusive in the services that a chronically ill patient is expected to receive. It is not a separate health care program.

Where to Gather Long Term Care Insurance Information

Nowadays, just one click of the computer mouse will take you to a world of articles, press releases, and research papers about LTC and various platforms which you may consider for your personal health care plan.

Researching on the net though would require a pair of discerning eyes because not everything that you read on the Internet centers on the core of LTC planning. Perhaps published materials from renowned LTCI carriers and agencies are worth perusing as these contain factual information which you can undoubtedly use as a basis for your plan.

It is advisable to check out statistical LTC reports in your area or if there is none to be found, probably those written for cities or towns in proximity to your area of residence.

Major LTCI carriers regularly update their LTC cost report for every state so find time to check the current figures of home health care agencies, community-based LTC facilities, and nursing homes in your state of residence.

To find out which LTCI companies in your area are to be trusted, you can contact the Department of Insurance as it carries a complete list of LTCI carriers, agencies and agents who are authorized to market and sell LTCI policies.

Meanwhile, if you’re more concerned about how much you need to pay annually for a comprehensive LTCI policy, you will find tons of helpful long term care insurance information from a licensed insurance agent who is affiliated with the leading LTCI companies.

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Credible Long Term Care Insurance Information

Article by Chelsea Andrews

As one moves closer to the age of retirement, he starts to think about possible long term care (LTC) expenses and feel the pressure to secure a long term care insurance (LTCI) policy. Buying this type of insurance product, however, entails complete long term care insurance information.

Long term care insurance is a product designed to pay for one’s incurred expenses in a nursing home, community-based LTC facility, or from in-home care. It is no doubt a worthwhile investment as it does not only promise the insured of topnotch care should he need it in the future, but it also ensures the protection of his family from living in impoverishment.

That is not an overstatement. LTC can really impoverish any family. As a matter of fact, countless families have lost their homes and assets to the cost of care which is geared to quadruple in 2030. If you cannot afford a nursing home’s annual rate today, you won’t be able to afford it 15 and 20 years from now.

Research is a vital part of planning as this process collates all important data that will be necessary to your plan of action. You have to be familiar with the cost of care in your area and the rates of specific LTC services which you may need in the future.

Where to Find Long Term Care Insurance Information

If you’re wondering which insurance company offers the best deal in terms of LTCI, your state’s insurance department is a good source of information as it has a complete list of LTCI companies that are authorized to sell LTCI policies.

Before discussing a potential LTCI policy with a trusted insurance company though, you have to identify first the type of care that you will possibly need in the future. While at it, choose your preferred LTC setting because your LTC expenses shall be based on the form of LTC that you shall acquire.

For example, if the annual rate of a nursing home that is situated in your place is ,000, find out how much it will cost 20 years down the road by computing it against the rate of inflation. By the way, when shopping for an LTCI policy be sure that you are provided with an inflation protection in order to keep your policy’s benefits at pace with inflation.

Buying a long term care insurance (LTCI) policy will be your best defense against the high cost of care. Without this insurance product there is no way that you can afford a nursing home, assisted living facility, or even in-home care; not even if you have half a million in assets as the figures of long term care (LTC) are growing at a very fast rate.

You’ll find tons of fresh articles about long term care insurance every time you go online. Newspapers and books have rich information, too. However, the best long term care insurance information can be acquired from an expert LTCI agent. Inquire about the options which you can take to cut back on the annual premium without compromising your benefits.

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Long Term Care Insurance

Article by C Gordon-Eales

If you think that you won’t qualify for Medicaid or full Medicare benefits due to large savings, assets or a high income, then long term care insurance could be the program for you. You don’t want to end up relying on your children to help pay for these expenses.

With long term care insurance it will at least enable you to leave your loved ones a little something instead of sucking all your assets dry. Another plus is that if you can afford to pay the premiums you probably won’t qualify for assistance so would truly benefit. If you currently have chronic health issues or have a family history of a long-term illness you would be far better off purchasing now rather than waiting. It will be too late to get an insurance policy after you have already developed a long-term illness or disability.

Should you at any point think that you might fall into any of these categories you might want to consider getting a plan earlier to be safe and covered. Most large insurance companies offer long term care insurance policies. As always, every state has different insurance regulations, therefore it is best to check with your state on specific determining factors and qualifications.

Long-Term Care Insurance is still fairly new on the market and many people don’t even know that it exists or what it covers. Even those who have heard the term don’t always know when benefits are paid, how they are designed, and who qualifies or needs coverage. Many people wait till they are past retirement age and closer to needing benefits before thinking about this type of insurance, by which time it is too late to get a great rate and qualify for higher benefits.

You need to start thinking of investing earlier in order to maximise your options. Nowadays it is becoming more common for people to start thinking about what will happen 30, 50, or more years ahead. Many people invest in 401Ks, IRAs, stocks and bonds, and other types of investments to prepare for the future thinking that this will pay for future living expenses and leisure activities once retired. Unfortunately things don’t always go according to plan.

Picture the following scenarios.

1. You have an accident and need day to day help getting about your daily activities. Who’s going to pay for that?

2. As you get older you require home help. You may decide you would rather live in your own home for as long as possible and therefore you would need to have enough money to pay for personal home care.

3. Some seniors enjoy assisting living facilities that provide 24 hour nursing care, but still let you be as independent as you can.

4. Then there are those instances where nursing home facilities are needed to tend to varying degrees of illness.

5. You may need long-term care to provide help due to a long-term illness or disability.

The average cost of these types of care can vary in cost from around -0 thousand per year and sometimes more. This will very quickly eat into your savings and social security benefits. If you think Medicaid or Medicare will help, think again. Even if and when you qualify, your savings are now gone and they will only pay up to 50% of the cost, therefore someone has to come up with the rest. Long-Term Care insurance can help with these costs in the unfortunate event that you require nursing care.

This coverage will help provide nursing home care, home-health care, personal or adult day care usually for individuals above the age of 65 or those with a chronic or disabling condition that needs constant supervision. All of these types of long term care can be very expensive, that’s why most people need insurance. Long term care insurance offers more flexibility and options than many public assistance programs. For example, on average facilities that provide skilled nursing care typically charge from 0 to 0 per day, or over ,000 per year or more. Even custodial home care can cost over ,000 a year if used three times a week. Most long term care insurance policies will cover only a specific dollar amount for each day you spend in a nursing facility or for each home-care visit. Therefore, when you are thinking about getting an insurance policy, it’s essential that you read the policies carefully and compare the benefits to determine which long term care policy will best meet your own needs.

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Long Term Care and Long Term Care Insurance? Your Chances and Your Costs…

Article by Clay Cotton

Clearly, you don’t want to dwell on an image of you or your spouse in a wheel chair or nursing home, but if you don’t plan ahead now for such eventualities, you could end up with a crippling financial burden that can strip a family of it’s entire nest egg.

Funding for eventual long term care must be planned for far in advance, and long term care insurance seems to be the tool of choice. The alternatives really suck by comparison, so it’s time to get going to put your plan in place while you still can.

Fact is, there is nearly a 50% chance that during retirement, due to medical conditions or extended longevity, a person will eventually end up requiring 24-hour skilled nursing care in a long term care facility.

Another astounding fact is that more than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

And now let’s look at the average length of facility care plus the projected costs for that care…

Long Term Care – It’s Leading Causes & Average Lengths of Nursing Home Stays ( from Financial Planning News ):

Alzheimer’s: 96 months Diabetes: 48 months Pulmonary: 36 months Cancer: 36 months Stroke: 21 months Cardiac:16 months

What happens if you don’t have long term care insurance, but you do need this long term care?

Well, at room rates of 0.00 per day, if care costs inflate at least 5% annually, then 10 years from now, the average, Alzheimer’s, long term care stay in a private room could cost a family over ,400,000.00+

Do you want your family to pay THAT out of savings? I don’t think so, and long term care insurance is clearly the only sensible answer, but is long term care insurance too expensive?

Long term care insurance can cost from under 0/mo. to over 00/month, so sure, at first insurance can seem expensive, yet consider this:

At 5% annual compounded inflation, in 10 years, actual real-life care costs could mount to well over anything you might ever put into long term care insurance. Just do the math.

The annual long term care insurance premium investment is often less than the actual cost of just ONE MONTH in a care situation.

NOTE: Recent industry articles indicate that long term care insurance is such a valuable planning tool that financial advisors may face legal action if they neglect to at least recommend consideration of coverage. (Trusts & Estates Magazine)

Long term care insurance may make good financial sense for you and yours, and the early bird gets the worm, because the lowest long term care insurance prices are locked in at the younger ages and are designed to remain level thereafter.

In any case, each policy is designed to custom fit your circumstances, so you have to work with a trained long term care insurance specialist in order to create the optimal coverage plan. You’ll want a multi-company broker who can compare companies and policies to find the best long term care insurance plan for your unique situation.

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