Can Long Term Care Insurance Premiums Increase?

  1. 910 POINTS
    Ken Boncela
    Ageny Owner, Farmers Insurance, Ken Boncela Insurance & Financial Services, Oswego, lllinois
    Yes they can.  You individually cannot be targeted for a rate increase, but across the board rate increases may occur.  To lessen the possibility, do your research and make sure your coverage is placed with a company with a long track record of writing long-term care insurance with minimal rate increase history.
    Answered on June 4, 2013
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