Category Archives: Long Term Care Insurance Buying Tips

Infographic: LTC by the Numbers, Buying Trends


People like to know what other people are buying – what the trends are. The assumption is that all these other people must know what they’re doing. So LTC Consumer thought we would put your minds at ease by compiling our long-term care insurance (LTCI) buying trends into one easy-to-read Infographic. Guided by our specialists, last year’s consumers chose policies that made the most sense for their families and their retirement strategies. Check it out and see what was trending. Continue reading

Can I get Long Term Care Insurance if I’ve had Cancer?

Many people assume that just because they’ve had some form of cancer, that they are no longer eligible for long-term care insurance. Actually, if you’ve strictly followed all treatment, waited an appropriate numbers of years, and are released from a doctor’s care, then there’s a good chance you are eligible. Your best bet is to speak with a specialist who will ask you a series of questions and research which carrier can give you the best coverage for the best cost. Continue reading

Long-Term Care Insurance Specialists Save You Money, Time, and Stress

LTC Specialists

Learning about any type of insurance doesn’t sound like an awesome way to spend an afternoon. Long-Term Care Insurance (LTCI) can be intimidating, and when people start researching, they can quickly get frustrated and overwhelmed. That’s why it’s so important to work with a Specialist who can save you money, time, and stress by guiding you to a long-term care (LTC) plan that fits your needs and budget – all while sitting in the comfort of your own home. Continue reading

Why you should buy long-term care insurance sooner, rather than later

We’ve heard the statistics. 70% of people turning age 65 will need long-term care (LTC) at some point in their lives. 15 million Americans are expected to need LTC by 2050. In 2015 there were $225 billion (Billion! not million) in LTC expenditures in the US. We know we should probably look into purchasing long-term care insurance (LTCI). But what age is the best age to purchase LTCI? Continue reading

Will today’s LTC Insurance Policies experience Rate Increases?

If you purchase a long-term care insurance (LTCI) policy today, your odds of receiving a rate increase in the future are much less than in year’s past. The American Association for Long-Term Care Insurance (AALTCI) polled close to 80 long-term care (LTC) industry actuaries and found that 79.1% of them believed the likelihood of a future rate increase on presently priced policies was 10% or less. 12.5% of the actuaries believed there was a 20% chance for an increase, 4.2% said 30-40%, and 4.3% said 50% or more. AALTCI Director Jesse Slome said he believes the risk of a future rate increase is zero. Continue reading

HSA Account Can Pay for Long-Term Care Insurance Premiums

By now you’ve probably heard that 15 million Americans are expected to need long-term care (LTC) by 2050 and 52% of people over the age of 65 will need LTC in their lifetime. Maybe you’ve considered talking to your financial advisor or someone who specializes in long-term care insurance (LTCI). Perhaps you’re still concerned about the cost of an LTCI policy dipping into your budget. Did you know that you can use your Health Savings Account (HSA) to pay for LTCI premiums? Continue reading

LTC Policy Features: What Is Contingent Nonforfeiture?

Contingent Nonforfeiture_

Insurance policy features and terms can sometimes be confusing and difficult to understand. One of the commonly confused Long Term Care Insurance (LTCI) policy terms is contingent nonforfeiture. Especially when you hear two versions of nonforfeiture: contingent nonforfeiture and a nonforfeiture rider.

First, we’ll explain what contingent nonforfeiture is and how it benefits policyholders. Then, we’ll discuss what makes the nonforfeiture rider different.

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Why Customers Recommend Purchasing Long-Term Care Policies Through LTC Consumer

Why Customers Recommend

When you are ready to purchase long-term care insurance (LTCI) you want to make sure you’re getting the best policy for your needs at the best price for your wallet. At LTC Consumer our agents are from all across the country, have years of experience, and long-term care (LTC) planning is all they do. Customer testimonials say it best when they talk about knowledge, being at ease, being able to compare different plan options with different carriers, and being able to shop from their home on their time. Continue reading