What is long-term care? Long-term care includes a variety of services that may be both medically and/or non-medically necessary for people with a chronic illness or disability. Health and personal needs are met through long-term care. Generally speaking, long-term...
Inflation Protection = A policy option that provides for increases in benefit levels to help pay for expected increases in the costs of long-term care...
Long-Term Care Insurance Dictionary $ Non-Forfeiture (Shortened Benefit Period) After having your long-term care policy for three (3) years, you have the right to stop paying premiums and have your policy converted to paid-up status. Your paid-up policy would...
Gotcha #1: Some long-term care insurance policies have different ways of determining the Daily Benefit depending upon the setting in which you are receiving care. For example the: Nursing Home Daily Benefit may be $200, Assisted Living Facility Daily Benefit may be...
Isn’t an insurance agent just a salesperson? Yes and no. Anyone who is licensed to “sell” insurance is, by the simplest definition of the word, a salesperson. Like many other professions, insurance agents must have a license, as well as a minimum...