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  • Added for You - The Five Foundational Features Of A Good Long Term Care Insurance Policy

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    a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of bo

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    At first glance, long term care insurance(LTCi) can seem to be confusing and complicated. However all good LTCi policies have five foundational features that are the core of the protection and if you understand these five features, you will be able to assemble a policy that makes sense and is easy to comprehend.

    Of course, there are several secondary or ancillary features that can be added on, and here is often where the confusion sets in. In fact, I often see folks spend so much time on the secondary policy benefits that they don't give the foundational features the attention that they deserve.

    Here though are the five benefit features that you should know about and look for in a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of bo

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    he protection and if you understand these five features, you will be able to assemble a policy that makes sense and is easy to comprehend.

    Of course, there are several secondary or ancillary features that can be added on, and here is often where the confusion sets in. In fact, I often see folks spend so much time on the secondary policy benefits that they don't give the foundational features the attention that they deserve.

    Here though are the five benefit features that you should know about and look for in a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of bo

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    econdary or ancillary features that can be added on, and here is often where the confusion sets in. In fact, I often see folks spend so much time on the secondary policy benefits that they don't give the foundational features the attention that they deserve.

    Here though are the five benefit features that you should know about and look for in a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of bo

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    its that they don't give the foundational features the attention that they deserve.

    Here though are the five benefit features that you should know about and look for in a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of bo

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    a good LTCi policy:

    1. The Policy Care Setting - this determines whether your care will be covered and paid for if you are in a facility, at home, or a combination of both. These days, many policies that are on the market offer "Integrated" protection, meaning that it pays for both home and facility care.

    2. The Daily Benefit - this is the amount per day that the policy will pay in benefits for care received. To arrive at this figure it is often a good idea to find out what the average cost of care is per day in most facilities in your area and use that as a starting point and guide for the Daily Benefit since you want to be sure to cover at least that cost should the need arise.

    3. The Inflation Benefit - this helps keep your policy current with the rising costs of health care in this field so that you will have sufficient coverage when you hav

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