How To Buy Long Term Care Insurance -

Before shopping, determine the "shortfall" between what you can pay out-of-pocket and the actual cost of care in your area.

Premiums can increase; "use it or lose it" if care is never needed. Combines life insurance or an annuity with an LTC rider. how to buy long term care insurance

: Decide on a daily benefit amount (e.g., $150/day) and a benefit period (typically 2 to 5 years, though some offer lifetime coverage). Before shopping, determine the "shortfall" between what you