Today we cover a fourth item to consider when obtaining long term care insurance.
FOURTH, Do Not Make Misrepresentations or False Statements in the Application for Coverage.
If in completing the application for insurance, you fail to tell the insurer about an illness or a doctor’s visit, the company may refuse you coverage at the time benefits are needed. It is better to be denied a policy and to be able to plan knowing that coverage is not available than to believe that coverage will be forthcoming, only to have it denied when it is most needed. This is even more important if you have an illness or a family condition that could affect your eligibility for long term care insurance. You want to plan ahead and know the answer to important questions regarding your health and eligibility for coverage.
What are your thoughts and concerns? Share them here or contact us at http://www.ythlaw.com/
FOURTH, Do Not Make Misrepresentations or False Statements in the Application for Coverage.
If in completing the application for insurance, you fail to tell the insurer about an illness or a doctor’s visit, the company may refuse you coverage at the time benefits are needed. It is better to be denied a policy and to be able to plan knowing that coverage is not available than to believe that coverage will be forthcoming, only to have it denied when it is most needed. This is even more important if you have an illness or a family condition that could affect your eligibility for long term care insurance. You want to plan ahead and know the answer to important questions regarding your health and eligibility for coverage.
What are your thoughts and concerns? Share them here or contact us at http://www.ythlaw.com/
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