ARTICLES / General /
Protection From the Perils of Aging /
By Jessica Ashton, Staff Writer
Last bit of homework. Before you commit
to a long-term care provider, ask yourself the following
questions after you’ve obtained their rating from the
services mentioned earlier in the article:
What is their history on payouts?
How long has the company been writing this insurance?
Is there a company history of premium increases?
What care settings are covered – nursing homes, assisted
living facilities, home care?
How do they treat pre-existing conditions?
Congratulations! You’ve done it. You’ve bought the
policy, and now you feel secure. One of the biggest
benefits is that most long-term care policies are
guaranteed renewable for as long as you pay your
premiums. Additionally, the premium is based on the age
you were at enrollment and is usually locked in for the
life of the policy.