In today’s consumer driven market, when it comes time to buy a new car, people like to shop around for the best deals. Comparing products, accessories, warranties, and prices, they hunt for bargains. They know if they search wisely, they can save money. So when these same consumers go to purchase long term care insurance, they have similar expectations. However, shopping for long term care insurance is not like shopping for a car due to several key differences – the most important being insurance regulation.
When you go to purchase a blue Honda Civic LX, you know you can shop around with various car dealerships, do a little finagling, and get different prices quoted for the same exact car. The car salespeople try to offer the highest prices possible so that they can make the most commission possible. When purchasing long term care insurance – so long as the product and features are the same from the company you are pricing – the price of that policy will be consistent no matter where you go. The prices of these products are regulated by the state insurance departments and are not allowed to be altered for any reason. This doesn’t mean that every company costs the same, it means it’s easier to make comparisons based on somebody’s age, gender, health, and benefits chosen to hone in on what may be the best choice specific to you. In other words, there’s a lot of moving pieces to consider.
"When purchasing long term care insurance – so long as the product and features are the same from the company you are pricing – the price of that policy will be consistent no matter where you go."
If you go to a Honda dealership, you can usually only shop for Hondas. When you go to LTC Consumer, our specialists have access to a wide variety of insurance carriers and products. We are brokerage, meaning we’re not tied to one insurance carrier. Our long term care insurance specialists have years of experience, industry and product knowledge, and access to technology to help you shop around and accomplish your planning goals. Thousands of families have trusted us to protect their loved ones and their retirement savings.
Browsing a car dealership lot, you can clearly see neon prices displayed and usually a more in-depth quote attached to the car somewhere. The cost of adding heated seats or a new stereo is generally easy to find out. Long-term care insurance quotes are highly personalized. They depend on your individual circumstances, health conditions, age, gender, family history, and preferences. The variety of long term care insurance options makes it crucial to consider factors such as your anticipated length of coverage, the level of care you desire, and the financial impact on your family. That is why we generally want to speak with you – even if just for a few minutes – to provide you the most accurate quote possible.
At LTC Consumer we want to be your resource for long term care planning. Long term care insurance products are complex and involve a wide range of coverage options, benefit structures, and price points. Our team prides itself on education and helping families feel confident in their long term care insurance policy purchase. When you work with one of our specialists, they are your primary contact from quote to policy delivery. You’ll have their personal email address, phone number, and attention for any questions or concerns you may have.
Get started on your long term care planning journey today. Watch our webinar, take our health questionnaire, or connect with a LTC Insurance specialists and get a free quote.