Long Term Care (LTC) Insurance
Planning Early Can Make All the Difference
- Your age and health do matter.
Age - Health issues aside, a LTC insurance policy for a 50-year-old is less costly than a comparable policy for a 60-year-old and much less than one for a 70 year old.
Health - Even if you are healthy today, a change in health may disqualify you for good health discounts or worse, getting the coverage at all.
- The value of starting early.
When you start LTC planning early - with proper inflation protection
included - your initial daily benefit and total pool of money will grow
significantly through the power of compounding.
- Ratings do matter.
If you decide long term care insurance is for you, make sure the company
is A+ rated. You want them to be there when you need them.
- Start planning today.
Long term care insurance isn't for everyone, but it pays to find out if it's
right for you and look at some options that fit your budget.
- Consider a broker over an agent.
A broker represents many companies and an agent only represents one.
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