Now is the time to think about long term care insurance. Long term care insurance is a means to protect your assets when there is a long term care need. Without it, long term care can rapidly deplete most of your assets. Most long term care insurance policies will pay for home care and assisted living and cover the cost for nursing home care. The problem for most people is being able to afford the policy and choosing a good policy.
In order to minimize the cost of long term care insurance, you need to purchase the coverage when you are young and healthy. Many people start to consider the purchase of long term care insurance in their 50s. However, it can be done earlier to save even more.
Long term care insurance is a contractual agreement between an insurance company and a policy holder to pay for certain health conditions. In general, long term care policies are sold to policyholders by insurance agents, although group policies are available as an employee benefit, through membership organizations, and from health maintenance organizations.
Over the next few days, we will look at five (5) things to consider when choosing a good long term care insurance policy.
Leave your comments here or contact us at http://www.ythlaw.com/ if you have any questions.
In order to minimize the cost of long term care insurance, you need to purchase the coverage when you are young and healthy. Many people start to consider the purchase of long term care insurance in their 50s. However, it can be done earlier to save even more.
Long term care insurance is a contractual agreement between an insurance company and a policy holder to pay for certain health conditions. In general, long term care policies are sold to policyholders by insurance agents, although group policies are available as an employee benefit, through membership organizations, and from health maintenance organizations.
Over the next few days, we will look at five (5) things to consider when choosing a good long term care insurance policy.
Leave your comments here or contact us at http://www.ythlaw.com/ if you have any questions.
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