MetLife Long Term Care products: Value, Ideal, Premier, and Facility Only

 Metlife is one of the top 5 long term care insurance companies as far as polices sold.  They have a broad platform of long term care products to choose from to address almost every-one's needs. 

1. The MetLife Value Long Term Care Insurance product is a daily benefit reimbursement policy that allows you to choose from $50-$400/day.  The benefit period is 2,3,4,5,7, or unlimited benefits, and the money can be used for either a facility or for home health care.
2. The most popular MetLife Long Term Care Insurance product is the MetLife Ideal policy which is a monthly benefit reimbursement plan.  The monthly benefit plan will give you more flexibility especially for home care over a daily benefit plan. Say for example, you have $100/day plan and that buys 10 hours of home care and one day you need $150/day for 15 hrs.  With the daily plan you'd be capped out at $100 where as the monthly plan you'd be given $3000/month so you could manage the payment better over the course of the month and have no out of pocket expense i you were careful.  You can choose from the same benefit period as th Value (2,3,4,,7,Unlimited).
3. The MetLife Premier Long Term Care Insurance Plan pays you your full daily benefit regardless of the actual expenses.  Say for example you had a plan that paid ou $5000/month and you used $2000 for home care, MetLife Premier will give you the $3000 extra in cash and you can spend it however you'd like.  This plan is by far the most flexible on payment options and has been used by people in place of a traditional disability policy.  Compare carefully though before dropping a disability plan.
4. The last MetLife Facility plan is a Facility Only plan, which like its name pays benefits for just facility care.  No home care. 

MetLife has been writing LTC business since 1986 and as of 1/20/2008 rated A+ by AM Best.