What to look for in a long term care insurance policy

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Author

Posted: Tue Mar 16, 2010 10:12 am Post subject: What to look for in a long term care insurance policy

Long term care insurance is expensive and so I'd like to know more about the things I should look for in it! _________________ Register Now to have your Insurance queries solved.

Purpleheaded08

Guest

Posted: Tue Mar 16, 2010 9:19 pm Post subject:

Are you trying to determine whether or not to sign up for long term care insurance? Please clarify your question for me. Thanks

anon3

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Joined: 16 Mar 2010
Posts: 8

Location: US
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Posted: Wed Mar 17, 2010 2:54 am Post subject:

Indemnity benefit, cost of living adjustment amount, pool of benefit feature if you are not using a lifetime benefit amount.

BNTRS

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Joined: 05 Nov 2009
Posts: 824

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Posted: Wed Mar 17, 2010 5:44 am Post subject:

Obviously, you'd need to look for what's in and what's out. It's your choice whether you'd like to pick a policy that just covers nursing home care, or if you'd like to go for one that covers assisted living care as well.

carol

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Joined: 28 Sep 2005
Posts: 195

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Posted: Thu Mar 18, 2010 9:08 am Post subject:

You'll qualify for such programs when you need daily living assistance. Impaired cognition could just be another cause. So, just check if the policy covers your normal daily activities e.g. bathing, having food, toileting etc.

steven

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Joined: 02 Feb 2006
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Posted: Fri Mar 19, 2010 4:59 am Post subject:

I'm sure you'd also like to choose the elimination period. It's the period which lapses till your coverage actually comes into effect. It could stretch from 0-90 days. At times it could even be longer than this. You'll need to pay lesser premiums for a longer elimination period.