This means you can't find a better price for the same insurer's product.
Expert Advice from an Insurance Professional.
As we get older, you never know when you might need long term personal care, which can be very expensive. Long Term Care Insurance, just like any other type of insurance is easiest to obtain when you're still relatively healthy and younger. If you wait until you’ve been retired for a couple of years and are developing a condition where you might already need regular care, trying to find a low-cost long term care insurance policy will be harder than trying to find a needle in a haystack.
Long-term care refers to the many services beyond medical care and nursing care used by people who have disabilities or chronic (long-lasting) illnesses. Long-term care insurance helps you pay for these services, which can be very expensive. A policy also ensures that you can make your own choices about what long-term care services you receive and where you receive them.
|Options to Pay for Long Term Care || |
When is the right time to buy a policy?
Many people don't think about long-term care until they get into their 70s and 80s and their health begins to fail. At these ages, you may be too high a risk for an insurer to cover you; or if you do qualify, the premiums can be astronomical. In fact, some long-term care policies have restrictions on age and health status.
The best time to buy long-term care insurance may be middle-age. It's the time when you have the highest likelihood of being eligible for a policy and, just as important, when premiums costs might be lower.
Is a policy right for you?
Long-term care insurance is probably not for everyone, but—with soaring health care costs, insurers increasingly restricting coverage and eligibility, and people's need to stretch retirement savings through more years—it's a good idea to consider it seriously. Your goals should be to protect your assets, minimize your dependence on other family members, and control where and how you receive long-term care services.
Key Issues to Review
Important Features of a Long Term Care Policy
Increasingly, long-term care involves providing a level of medical care from skilled practitioners to address the often multiple chronic conditions associated with older population groups. The goal of long-term care insurance is to help you maximize your independence and function at a time when you are unable to be fully independent. A plan for how to deal with long-term care is paramount given the health care issues facing Americans today. These issues include Aging populations, Family lifestyle changes, and Evolving health care and a lack of adequate protection from healthcare costs.
Long-term care insurance offers protection against the risks associated with these issues. Acquire Financial Services is affiliated with leading carriers nationwide where our clients can benefit from the latest in Long Term Care Insurance resources. We are your one stop shop resource for Long Term Care Insurance and we make Long Term Care Insurance easy!