There are better ways to pay for your Long Term Care insurance (LTCI) premiums. Some involve paying for premiums with tax-free money or deducting premiums on your taxes. Consider these four tax-friendly ways to pay your LTCI premiums. Continue reading
When buying a Long Term Care insurance policy, there’s no one-size-fits-all plan. Coverage can be customized to fit your needs and budget. When shopping for coverage, it’s important to understand the difference between a daily and a monthly benefit. This feature can determine how much money is paid out in a claim. Continue reading
In previous posts, we’ve covered what long term care insurance does, when it can be a wise choice, where it can help pay for care, and when the best time to apply is. If you’ve done your homework and think a long term care policy is a smart option for you, here are some tips on how to shop for long term care insurance and apply for coverage.
Have you heard about the importance of long term care planning, but you’re not sure how Long Term Care insurance (LTCI) works? Here we’re helping you understand why LTCI is a valuable part of retirement planning.
Just like you shop around for the best auto insurance coverage, you should also shop around for Long Term Care insurance (LTCI). Here, we’re helping you by recommending our top three picks for Long Term Care Insurance companies.
Our review comes from decades of experience working in the LTCI market. We’ve watched carriers come and go, release policy series rate increases, innovate with new products, and most importantly, pay claims.
Learn more about these top three LTCI carriers (in alphabetical order) and why they’re leading the market today.
Long Term Care Insurance (LTCI) underwriting differs from most other insurances you buy. Auto and Homeowners insurance rarely ask personal questions about your health while Life insurance gets more personal with physicals and urine, blood, and saliva tests.
Many people think since they passed Life insurance underwriting they’ll qualify for Long Term Care Insurance. Unfortunately, that’s not always the case. With Life insurance, insurance carriers are underwriting for your mortality. With Long Term Care insurance, they underwrite for your morbidity.
Buying insurance shouldn’t be difficult. Now you can shop for Long Term Care insurance (LTCI) online from the comfort of your own home!
Save time and energy by shopping online for insurance whenever and wherever you want. You can even schedule a planning appointment with an LTC specialist at a time that’s convenient for you and your spouse.
Get to know these perks and more when you buy LTCI online.
The high cost of long-term care can tap into your income, drain your savings, and affect your quality of life. Finding tax-free ways to pay for coverage can help you plan for your future while easing expenses now.
Don’t forget you can use HSA funds to pay a portion of your Long Term Care insurance (LTCI) premiums. Learn more about HSAs, including how they work and ways to save.
When you’re approved for Long Term Care insurance, you’ll receive a consumer-friendly 30-day free look period as mandated by federal and state law. If you’re not sure you want to keep your coverage, this is your window of time to cancel the policy for a refund.
Consider these tips to make the most of the free look period for Long Term Care insurance.
The average consumer compares price and features when buying a new car, TV, or computer. Many may ask around or start their search with a brand they know and trust while comparing to other brands and products on the market.
The same rules can apply when searching for the best Long Term Care insurance company and product. Many insurance companies offer LTCI, but their financial strength, experience, product, and premium rates can be different.
Consider the following three factors when shopping for the best Long Term Care insurance company.