Co-Founder, Coastal Financial Partners Group, California
There are a variety of conditions which can make one ineligible (uninsurable) for individual long term care insurance. The underwriting process - risk selection and risk categorization by the insurance company - is different for long term care insurance than for life insurance (mortality) or disability insurance (morbidity). So, it is possible to be declined for life insurance but insurable for long term care insurance.
At a high level, long term care insurance underwriters generally consider the proposed insured’s; height and weight, medical history, and ability to perform the “activities of daily living” (ADLs). Cognitive and mobility impairments are common examples of conditions which would make one uninsurable.
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At a high level, long term care insurance underwriters generally consider the proposed insured’s; height and weight, medical history, and ability to perform the “activities of daily living” (ADLs). Cognitive and mobility impairments are common examples of conditions which would make one uninsurable.