Finding long term care insurance can be a difficult process. Whether you are looking for yourself or for a loved one, finding the right policy with the right company is important. Here are a few things to consider as you are searching for coverage.
1. Consider your financial situation– For some the cost of long term care insurance can be prohibitive. If you are financially unstable and have little or no savings, you may want to first consider available state aid.
2. Consider your age- Long term care insurance rates tend to rise for applicants age 65 and over. If you are younger than 65 and considering long term care insurance, act now for a better rate. [Read more…]