Some questions to ask about long term care insurance are:
1) Is there an inflation rider to cover increasing health care costs?
2) How long is the benefit period? Does it go by years, or when the lump sum runs out?
3) How long is the elimination period?
4) What are the triggers for benefit to begin?
5) What type of care is covered? (e.g. could you pay a relative to care for you in your home)
6) Is the company solid? What is their history of rate increases?
7) Is the policy tax qualified or a partnership policy?
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1) Is there an inflation rider to cover increasing health care costs?
2) How long is the benefit period? Does it go by years, or when the lump sum runs out?
3) How long is the elimination period?
4) What are the triggers for benefit to begin?
5) What type of care is covered? (e.g. could you pay a relative to care for you in your home)
6) Is the company solid? What is their history of rate increases?
7) Is the policy tax qualified or a partnership policy?