Unanswered Questions About Long-Term Care Insurance Can Lead to Mistakes
Having questions is fine. In fact, it’s actually a good thing. When people have questions about a wide range of things, but they don’t ask them, that’s where they can get into trouble. There are likely numerous questions a person may have when looking into the prospect of long-term care insurance. For those who may be contemplating this for themselves, a parent, a friend, or somebody else they know, those questions that weren’t asked can lead to some serious mistakes.
What are some of the most common questions people have about long-term care insurance?
Long-Term Care Insurance Oceanside CA – Unanswered Questions About Long-Term Care Insurance Can Lead to Mistakes
Perhaps the first and biggest one is whether or not it’s actually important.
After all, not every type of insurance is really necessary for every single individual. It would seem that long-term care insurance was only recommended for those of advancing years, but the best time to get the most affordable rates is when a person is heading toward 50 or in their 50’s.
Still, that doesn’t mean a person in their 60’s, 40’s, or even younger than that shouldn’t consider this because accidents can happen at any time. A person in their early 60’s may still be healthy, strong, and vital, but suffer some kind of medical emergency or injuries in an accident that could leave them unable to walk for many months before they finally regain strength and mobility to do so. Just working with professionals for months or even years to regain mobility could financially ruin most people.
Another common question people have is how they can save money on their monthly premiums.
There could be a wide range of solutions to this potential problem. To keep monthly premiums lower, a person might be able to minimize or limit the length of time the policy would pay out. They could also lengthen the time before the policy would begin to go into effect in the event long-term care was necessary.
Some people have questions about other factors, including bundling, etc.
The best way to get those questions answered is to speak to a qualified and experienced insurance expert, especially somebody who has a great deal of knowledge on the subject itself. Long-term care insurance is not a commonly thought about policy just yet, so not every agent or broker is going to have the expertise to answer those questions accurately and properly.
Whatever the question, a person should be encouraged to ask them rather than simply ignoring the prospect of purchasing a long-term care insurance policy.
If you or a loved-one are considering Long-Term Care Insurance in 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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