Long term care insurance was introduced more than five
decades ago. Back then, people who want to buy a policy have to rely on door-to-door
salesmen for information about LTC insurance costs. Today, however, with the
emergence of websites that help people plan for long term care, we can now get
free long term care costs comparison
by simply filling up a short form. This makes shopping for a long term care
insurance policy less complicated.
decades ago. Back then, people who want to buy a policy have to rely on door-to-door
salesmen for information about LTC insurance costs. Today, however, with the
emergence of websites that help people plan for long term care, we can now get
free long term care costs comparison
by simply filling up a short form. This makes shopping for a long term care
insurance policy less complicated.
How to shop for a policy?
1 1. Assess your needs and preferences. You must be
well aware of these so you would know the kind of coverage, benefits and
features that you should buy.
2. Come up with a shortlist of insurance companies
whom you want to entrust what you may greatly need in the future. Choose
insurance companies with fewer lawsuits and complaints. Also consider their
financial standing, overall market share and years in the business. More than
the costs, the reliability of the insurance provider should be your primary
consideration when buying a policy. You could end up wasting thousands of
dollars in premiums if you sign up with an unscrupulous company.
3. Find a reliable website that gives free, no obligation
long term care insurance quotes. There are many websites that offer this kind
of service. These websites not only provide quotes, they also help people plan
for long term care by educating them about the available care options and
sources of financing, among others. One website that provides this service is
www.altcp.org.
4. Once you have your comparative LTC quotes, choose
the policy that gives the most value for your money. LTC quotes are great
because they allow insurance consumers to see the prevailing rates of policies
in a glance.
well aware of these so you would know the kind of coverage, benefits and
features that you should buy.
2. Come up with a shortlist of insurance companies
whom you want to entrust what you may greatly need in the future. Choose
insurance companies with fewer lawsuits and complaints. Also consider their
financial standing, overall market share and years in the business. More than
the costs, the reliability of the insurance provider should be your primary
consideration when buying a policy. You could end up wasting thousands of
dollars in premiums if you sign up with an unscrupulous company.
3. Find a reliable website that gives free, no obligation
long term care insurance quotes. There are many websites that offer this kind
of service. These websites not only provide quotes, they also help people plan
for long term care by educating them about the available care options and
sources of financing, among others. One website that provides this service is
www.altcp.org.
4. Once you have your comparative LTC quotes, choose
the policy that gives the most value for your money. LTC quotes are great
because they allow insurance consumers to see the prevailing rates of policies
in a glance.
Comparative Long Term Care Quotes Sample | ||||
Specifications | Company A | Company B | Company C | Company D |
Partnership Plan | Yes | No | Yes | Yes |
Daily Benefit | $300 | $250 | $300 | $300 |
Benefit Period | 3 years | 3 years | 3 years | 3 years |
Elimination Period | 90 days | 90 days | 90 days | 90 days |
Inflation Protection | 5% | 3% | 3% | 5% |
Home Care Benefit | 50% | 100% | 100% | 100% |
Shared Spousal Benefit | Yes | Yes | Yes | Yes |
Annual Premium | $1,500 | $1,400 | $1,400 | $1,500 |