Costs of Long Term Care Policies


The cost of a long term care insurance policy depends on the following factors:

  • Your age at the time of purchase

  • Your health

  • Your marital status

  • The amount of the daily/monthly benefit

  • The length of time the daily/monthly benefit will be paid

  • The elimination period or “deductible”

  • The options or riders you choose

  • Any discounts you may be eligible for

Typically the annual premium you pay is less than the cost of just one week of long term care services!

Every year over a half a million unprotected individuals deplete their hard-earned savings paying for long term care services.

Don’t Wait!

There are risks associated with putting off this important decision.  The longer you wait, the more you may pay in premiums over your lifetime.  Additionally, you may not qualify for coverage if any health issue arises.

Premium Increases

In the event the insurance company is paying out excessive amounts in claims, it is possible you may experience a premium rate increase.  This increase can only occur if the company increases premiums for an entire class of policyholders as approved by the State Insurance Commissioner. Should this occur, you will be offered options to help offset the premium increase.