TRADITIONAL LONG-TERM CARE INSURANCE

Traditional long-term care insurance policies are not standardized.  Insurance companies sell policies with a variety of benefits and coverages.  You can build a policy with the combination of benefits and coverages that fit your individual needs and care preferences.

You have the typical options for premium payments AND some companies offer “paid-up options.  In most policies your premiums will be waived after you have been receiving benefits for a period of time specified in your policy contract. 

There are discounts for couples (including life partners) and for good health.
Accidents and changes in your health can happen any time.  In an instant, your opportunity to purchase long-term care protection can evaporate or your cost can increase substantially.

Applying while you are healthy can mean SIGINIFICANTLY lower premiums

You purchase long-term care insurance with your health.  Your health can change in an instant- an unexpected diagnosis, an accident, a fall or other serious injury; all of these can destroy your opportunity for affordable long-term care protection.