Useful Tips When Buying Long Term Care Insurance

It is everyone’s dream to live a health, independent and active life without having to worry about the challenges and expenses that come along with aging.

However, most of us will require need long term care services at some point of our lives. Around 70% of Americans 65 and above will need long-term care. Without a well-developed plan, we’ll most likely exhaust our nest egg or rely on our family members when it’s time to receive long term care.

It’s possible to avoid the said scenarios by buying long term care insurance policy. Designing your own policy can be challenging but here are useful tips that can help you purchase a policy that will perfectly fit your future long term care needs:

1. Consult Reliable Resources
2. Shop Around, Ask Questions and Compare Prices
3. Check Policy Details, Coverage, and Limitations
4. Be Sure You are Dealing with Someone Who Will Help You
5. Read and Understand What You are Signing
6. Review the Company’s Financial Strength
7. Keep a List of Contact Information
8. Do Not Waste Your Policy

Source: http://www.infolongtermcare.org/consider-useful-tips-buying-ltci/