Long-Term Care Insurance FAQ

Worker’s compensation will only cover you for injuries that occur on the job site. The compensation varies from state to state, but most states will pay throughout the lifetime of the worker, in the case of a permanent disability. You can get all of the information that you need regarding individual state’s worker’s compensation benefits […]

Make sure that your policy can be renewed every year Know that if you are disabled, yet able to work part time, you will still receive coverage Choose a waiting period (elimination period) of three to six months, to keep the premium down, and then set aside a nest egg for that time. Make sure […]

These companies are rated in the same manner in which stocks and bonds are rated, through Standard and Poor’s.

The elimination period is the time you will need to wait from the time you are ready to get the long term insurance to the time in which you will actually receive it. This period of time is negotiable in the terms of the contract and the longer this time period is, the cheaper the […]

Over 40% of the American population will eventually need to be in a nursing home or an assisted living facility. Your chances of needing this depend on a number of health factors.

The four main factors that you will want to take into consideration when looking for a LTCI policy are: flexibility, eligibility, inflation, and duration. Check to make sure that the flexibility of your policy allows for personal help so you can stay in your home for as long as possible before assisted living is absolutely […]

There are good arguments for and against purchasing this type of insurance, and every person’s situation will differ. Even though Long-Term Care Insurance can be costly up front, it could save you from paying much more in the long run. The home care coverage that is included in the policies could possibly allow you to […]

It is important to look at the stability of the company that you are looking into, because they need to be there when you are in your time of need. Companies who sell long-term insurance may not be as closely regulated as other insurance companies. You can find the ratings of these companies from Standard […]

With long-term care insurance (LTCI), you are guaranteed to be paid a certain amount of money towards care for a specified length of time. As the age of the covered individual increases, so does the premium, so in order to get a better rate, this is something that you may want to purchase earlier in […]