Long term care (LTC) is overwhelming family and government budgets as we speak, and the problem is set to explode as another generation enters their twilight years. As a society we continue to struggle with who and how to pay for such care. Today, paying for LTC falls into two schools of thought for those […]
Traditional Long Term Care insurance (LTC) policies only pay when a qualified LTC event occurs. Such policies typically offer the most coverage for the least cost, but they do not quarantee premium rates. Most often there’s more flexibility when it comes to waiting periods, benefit periods, and whether benefits are tied to inflation. Premium payments […]
Understandably, the most common question regarding Long Term Care (LTC) insurance is “how much?” Other questions such as what is covered, how are benefits paid, and how does LTC work soon follow. How much does LTC insurance cost? Premium amounts depend on sex, age, and the health of the applicant. Also involved in the calculations […]
