The Cost of Long Term Care Insurance Is Going Down in 2016!

In 2016, the average cost of a long term care insurance policy has gone down, according to The American Association for Long Term Care Insurance (AALTCI). For couples in their 60s, the policies cost 10% less than in 2015. Also, because of changes in coverage, today’s policies do not have the same risk of rate increases in the future.

Not all policies will cost less: for example, premiums for single women average about 7% higher than last year. And the cost of a policy can vary significantly from one insurer to the next for the same coverage. AALTCI says rates can vary by as much as 94% – so it’s important to do your research.

A good long term care insurance specialist can help you compare policies from many insurance companies.

Experts have suggested asking 3 questions to determine an insurance professional’s expertise:
1) How many years have you specialized in long term care planning?
2) How many LTCI policies have you sold?
3) How many different insurers do you work with?

For more information, visit Guide To Long Term Care


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About Partnership for Long Term Care

Promoting the idea of preventing long term care from financially devastating families by insuring for long term care with state Partnership qualified policies.
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