Long Term Care Insurance
Long Term Care insurance evolved out of a need for further
coverage in the care of Long Term Disability that some Disability
Insurance policies do not cover. A Long Term Care Policy does
not have a cash value, a client pays a premium that maintains
the policy for a specific period of time
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TERM CARE INSURANCE QUOTE
When purchasing Long Term Care insurance there are three key
factors to consider:
- The Amount of your Daily Benefit
Usually this can range from $50 to $250 per day.
- The Benefit Period
This is the length of time you will receive payments
from the health insurance company which is selected in
a number of years ranging from one to a lifetime.
Long Term Care insurance comes with many optional benefits,
each serves to increase the value to the policyholder and
adds additional premium.
Inflation Protection - increases your daily benefit on an
annual basis to keep step with inflation. This rider will
increase your premium annually, but will provide you long
term financial protection at the level you purchase on a continuing
basis. It is suggested that one purchase this rider if you
are purchasing a Long Term Care policy at a younger age.
Home Health Care Coverage - While most policies provide for
institutional care, some clients have expressed their preference
for care while at home. This policy rider will allow you to
receive a benefit that covers services rendered at home. It
may also offer coverage for Adult Day Care Centers and Assisted
Nonforfeiture - This rider providers protection against allowing
the policy to lapse. It takes extra premium now to ensure
coverage even if you miss your regularly scheduled premium
While this is not a comprehensive guide to Long Term Care
Insurance, provides this
information to you in an effort to assist our clientele to
be more knowledgeable consumers. We always recommend finding
a financially strong reputable company and an agent with knowledge
of long term care issues.
Term Care Insurance Quote Request