What To Look For In A Long Term Care Insurance Policy?

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   Peggy Mace

   Most of the U.S.

   Some things to look for in a long term care insurance policy are whether the benefit increases for inflation, whether the amount you collect adds up to a lump sum that you can spend at the rate that you need it, how long the elimination period is, if it has zero elimination period for home health care, and what the triggers are for collecting on it. When going over the policy features, they will be in summary form so you can compare similar features for each one you are considering.

   Answered on September 6, 2013

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