We provide consumers with thousands of Long Term Care Insurance comparisons every year. One of the first questions our more candid clients will ask us as advisers is, "which company do you like?" It's more complicated than having one MVP Long Term Care insurer. While each of the carriers has its strong suit, we've hand-selected only the best carriers to represent, so we like ALL of the carriers we quote. Price is obviously very important. Financial ratings are also critical, as our average client will pay premiums for over 25 years.

Ratings. When choosing a Long Term Care insurance company, first look for a company with good financial strength ratings.  Also, look for a company with a good reputation for treating its policyholders fairly.  When it comes time to collect a claim, for example, it is important not only to be dealing with a reputable company but also with a company that has good financial strength.

LTC Tree only works with the top Long Term Care Insurance companies. Our carriers include Genworth Financial, John Hancock, Prudential, Mass Mutual, United of Omaha, and Mutual of Omaha, which are all reputable companies with good financial strength ratings.

Long Term Care Insurance Companies' Financial Strength Rating and Size Category

The average age of people needing Long Term Care is 79.  It is vital to choose a company today that will still be able to pay your Long Term Care Insurance claim in the future when you need it.  Below are some links to third-party companies that rate the financial strength of the major insurance companies.  As a rule, it is important to do business with companies rated "A" or better.

Rating Agencies:

• A.M. Best
• Standard and Poor's
• Moody's

Long Term Care Insurance Premium Rate Stability

Long Term Care insurance companies cannot increase your rates for changes in your age or health.  However, companies can file an appeal to your state's insurance commissioner for a class rate increase on Long Term Care Insurance policies in certain categories.  Rest assured, however, that insurance companies cannot raise your rates on an individual basis.