How To Evaluate Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    When evaluating long term care insurance, you will be given a spreadsheet of 2 or more companies' products to compare. This makes it pretty easy to compare similar features of each policy. You will want to evaluate the companies: their rating, their rate hike history, whether they have a disproportionate number of claims against them. You can check the cost of care in places that provide long term care in your area, to make sure you are not buying too much or too little coverage. And here is a helpful evaluation sheet to examine different features of your policy: http://media.wiley.com/Lux/assets/35/114235.0067_Evaluating%20a%20Long.pdf
    Answered on September 16, 2013
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