What Kind of Health Issues Might Disqualify a Person from Long-Term Care Insurance?
Just because a person hears about long-term care insurance and is interested in looking at a policy doesn’t mean they will be eligible. There are certain health conditions that could disqualify a person from purchasing long-term care insurance.
Long-Term Care Insurance Premiums Oceanside CA – What Kind of Health Issues Might Disqualify a Person from Long-Term Care Insurance?
Physical health and mental issues can affect insurability.
The greater the risk a person will require some type of long-term care in the future, whether that would be in five years, 10 years, 20 years, or even longer, the more likely it’s going to not just affect the policy itself, but also rates and eligibility.
Think about it in terms of life insurance.
If a person looks into life insurance, but they’ve been a heavy smoker most of their life, drunk alcohol excessively, and have taken part in other risky behaviors, and if they continue to do these things, they are not likely going to find a policy that is either affordable or even available.
Yes, it can be frustrating, but what options are available?
If the health issues that disqualify somebody from a long-term care insurance policy are controllable, such as quitting smoking, ceasing drinking, improving diet, getting more exercise, and so on, it might help them become eligible or at least reduce their premium rates in the future.
Keep in mind, most applicants are approved.
Most people who apply for long-term care insurance are ultimately approved for it. For some, their premiums might be too high for them to afford it or it may not seem to make physical sense for them at that time to purchase a policy.
The older a person is, the more likely the premiums will be elevated compared to somebody in their 30’s or 40’s who begins looking into this policy. The best way to find out about eligibility is to apply for long-term care insurance. An individual may also wish to consult a licensed and experienced broker to find out more about the specifics in regard to their health, financial status, and eligibility.
For those who are approved, long-term care insurance can be a safeguard against unexpected expenses associated with any type of long-term care, whether it’s in a nursing home, assisted living facility, or at home with home health care providers.
It’s a good idea not to disqualify oneself based on assumptions, but rather contact a qualified insurance company to determine eligibility, premium costs, and other options that may help to lower premiums, if financial concerns of the most pressing issue.
If you or a loved-one are considering Long-Term Care Insurance Premiums Oceanside CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
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