Check Out Those Long Term Care Insurance Resources
Whenever somebody brings up the subject of long term care (LTC) I can’t help but feel for families I know who were caught off-guard by the cost of care. Since they are not prepared they couldn’t acquire nursing care for their loved ones. As they take on the role of caregivers, they recall the countless times that they were presented with long term care insurance resources but which they ignored.
Most people think an insurance agent is just after their money so they don’t bother to find out anymore what products he sells and how these can benefit them. They are not to be blamed for having such an idea about LTCI agents because in reality there are really insurance companies that sweet-talk the public to purchase long term care insurance (LTCI) only to disappear in thin air when claims for benefits start pouring into their office.
To avoid falling prey to a bogus company it is best to check the background of the company from which you intend to buy your LTCI policy. Aside from its tenure in the industry, check its performance. Performance here refers to its total sales of LTCI policies and the number of claims it has paid.
If the company that you are eyeing has a website, check its testimonials page so you will know what its past and present clients have to say about its products and services.
You will also find insurance rating agencies such as A.M. Best Company, Standard & Poor’s, and Moody’s Investors Service a good source of information. These agencies are responsible for providing ratings for insurance companies so check out those firms that received A and A++ because this goes to say that they are worth trusting and investing your hard earned money in.
Long Term Care Insurance Resources
Personally, I prefer to read blogs and forum threads that are relevant to LTC rather than jump form one insurance company’s website to another. I noticed each of these companies have formulated a unique spiel but in the end you’re only made to choose whether to buy a policy from them or not.
With blogs and forum discussions you will find yourself drawn to ordinary people’s thoughts on LTCI and why they had to purchase it. It’s amazing how some people can clinch an LTCI policy at a very low price while there are others who had to sacrifice the things that they have been accustomed to just so they can afford their policy’s annual premiums.
Some blog posts are heartbreaking such as one about a couple who ended up in divorce after 25 years of marriage because the husband came down to cancer and the wife didn’t want their assets to wind up in estate recovery.
Without LTCI, the couple couldn’t afford a nursing home; there was no home health aide in their area that would settle for $10 per hour either.
By going online you can read many heart-wrenching stories about unplanned LTC. However good reads, don’t wallow in these stories’ sadness, instead, let them serve as your long term care insurance resources.
You can request for long term care quotes through our website. Find out more about all the important details that your long term care insurance quotes should include.
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