By Mary Damiano
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Have you re-read the policy and the
application to make sure every piece of
information is correct? Don’t sign on the dotted
line without making sure every i is dotted and
every t is crossed.
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Who has the final say over whether or not you
qualify for benefits? Often, and insurance
company’s doctor can overrule your own doctor’s
recommendations.
When it comes to buying Long-Term Care Insurance,
your most valuable resource is common sense. Don’t
allow yourself to give in to scare tactics. Make
sure every detail is in writing because a detail can
mean the difference between qualifying for benefits
or being declared ineligible, and can cost thousands
and thousands of dollars. If something sounds to
good to be true, it usually is. There is no such
thing as a free lunch. Remember that insurance
companies are businesses and the only way they can
stay in business is to make money and be profitable.
Being profitable means that more money comes in than
goes out. Therefore, the more money they can get
customers to pay, and the less money they have to
pay customers, the more profitable they are. Think
about that before you buy anything.
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