Insurance Broker Discusses Long Term Care Insurance Costs
As an experienced certified Insurance Broker, I often get questions from physicians and dentists regarding how much long term care insurance costs. While the cost of long term care insurance varies, there are several factors; number one is age. The older a person is, the more expensive the policy is. In addition, the more likely it is that the person will develop health conditions that might prevent the person from being able to purchase long term care insurance. That’s another factor, health. Also, the level of benefit that the person purchases.
For example, the amount of daily benefit that’s paid when a person goes on claim, the duration of that benefit, how long the waiting period is, and whether the policy has a cost of living adjustment for inflation. There are many factors. We recommend sitting down and talking with us to design a plan. Obviously, you want to purchase that insurance as soon as possible before there is a claim.
Are you a physician or dentist that has had trouble with long term insurance costs? Contact our experienced Long-Term Care Insurance Brokers for guidance. Let our experience work for you.