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Long Term Care Insurance | | 800.788.8921 |
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What to Look for in Long Term Care Coverage |
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The term "quality of life" takes on new meaning as we grow older or become disabled due to an illness. That's why Long Term Care, or Catastrophic Disability, Coverage is so important.
Catastrophic Disability Coverage (CDC) helps preserve your independence by protecting the savings and assets you've spent a lifetime accumulating. Retaining your wealth mean not having to rely predominantly on family and friends.
CDC helps put you in control when you need it most - by ensuring you receive quality care in the setting of your choice.
That's why it's so important to select a policy that's right for you.
A good approach to follow when judging policies is the National Association of Insurance Commissioners' (NAIC) model laws and regulations, which recommends:
- At least one year of nursing home or home health care coverage, including intermediate and custodial care. Nursing home or home health care benefits shouldn't be limited primarily to skilled care.
- Coverage for Alzheimer's disease.
- An inflation protection option.
- An "outline of coverage" that systematically describes the policy's benefits, limitations and exclusions, and lets you compare it with others.
- A guarantee that the policy cannot be cancelled, non-renewed or otherwise terminated because you get older or suffer deterioration in your physical or mental health.
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- The right to return the policy for a full premium refund within 30 days, if after having received the policy, you decide you don't want it.
- No requirements that policyholders first:
- Be hospitalized in order to receive nursing home benefits or home health care benefits.
- Receive skilled nursing home care before receiving intermediate or custodial nursing home care.
- Receive nursing home care before receiving benefits for home health care.
For additional guidance, review the free Long Term Care Buyers Guide.
When reviewing alternatives, be sure to research the company behind each plan. Look at track records in terms of experience in long term care insurance as well as ratings and financial stability.
At Insure Your Future, We Can Help
The experts at Insure Your Future can provide a no-cost, professional analysis to identify your financial exposure in the event of a catastrophic disability. We can recommend affordable, cost-effective options from the nation's premier long term care insurance companies to cover you should you ever need long term care.
Request a free Long Term Care Insurance quote online today or give us a call at 800.788.8921 to discuss options.
| 800.788.8921 | |  |
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Chicago Office
1002B N. Milwaukee Ave.
Libertyville, Illinois 60048
800.788.8921 (Map) |
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Maryland / D.C. Office
10533 Prairie Landing Terrace
North Potomac, Maryland 20878
301.294.0641 (Map) |
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