Key Points to Consider When You Buy a Long Term Care Insurance Policy

Since the recent financial collapse and the fall of AIG the financial strength of companies are going to be an increasingly important key to look for when buying long term care insurance .  There is a direct correlation between strong finally secure companies and high claims paying rates.  A way to find out is to look up the insurer's complaint record with your state's insurance department to see whether any enforcement actions have been taken against it. 

Be sure to study and read all the fine details of your policy so you can have an idea on the amount of benefits you'll have when you'll need it down the road.  It's a good idea is to insist on a policy review with your agent every couple years and this will help keep your benefits fresh on your mind.

I can't stress this last point enough, but look at least 5 blue-chip companies including but not all:

1. John Hancock
2. MetLife
3. Genworth
4. Allianz
5. Mutual of Omaha
6. Prudential
7. MassMutual

Premiums vary greatly from company to company based on factors such as the state you live in, your age, the benefits you choose, various riders, etc. so to get the best deal, shop around .  At LTCtree we work with all of these companies and more and will shop the entire LTC market to help find you the best deal.  Take a second to fill in the form below if you'd like your quotes.  Thanks for reading, we really appreciate it.