Long Term Care Insurance Questions.

admin — Tue, 03 May 2011 14:47:16 +0000

Watch the video below for the three questions we must ask ourselves when
contemplating Long Term Care. 3 min. 48 sec.

Can I Health Qualify for Long Term Care Insurance?

admin — Wed, 09 Sep 2009 19:47:52 +0000

When we are healthy, it is hard to contemplate an unhealthy future. Retirement planning conjures up images of fun, relaxation and travels to exotic locations. Long term care is…… depressing.

The Centers for Medicare and Medicaid Services and The American Society on Aging, estimate that 60 – 70% of Americans over the age of 65 will need some form of long-term care. However, there is an important fact that does not often arise when considering retirement planning and long term care insurance (LTCi) protection, not everyone can “health qualify” for it.

It is often assumed that you can apply and get LTCi when you are older and closer to the age of actually needing it. But, waiting can be a costly mistake. An American Association of Long-Term Care insurance study showed that 1 in 10 between ages 50-59 who apply are declined.
And, it almost doubles for those in the 60-69 age group. For those 70 or older, the decline rate is 43%. The good news is, those that are in good health when applying can take advantage of good health discounts.
These can save 10% per year and the discount remains even if there is a change in health. However, the number of those who qualify for these health savings declines with age. Over half of applicants between 40-49 will qualify. More than two thirds of those 60-69 will not.

Each long term care insurance company sets its own rules regarding health standards. It is important to work with a knowledgeable professional that can investigate multiple companies to get the best coverage for the best price.

Long Term Care Insurance Guide

admin — Thu, 08 Jan 2009 16:33:22 +0000

The Shopper’s Guide To Long Term Care Insurance
is published by the National Association Of Insurance
Commissioners (NAIC) as a consumer guide to help
understand long-term care and the insurance options
that can help pay for long-term care services.

Get your complimentary copy of The Shopper’s Guide To Long Term Care Insurance here.

The Long Term Care Consultant

Long Term Care Insurance Questions.

Can I Health Qualify for Long Term Care Insurance?

Long Term Care Insurance Guide