Long-Term Care Insurance Rates

The rates you pay depend on a variety of things, including:

  • Your age and health: The older you are and the more health problems you have, the more you will pay when you buy a policy.
  • Gender: Women generally pay more than men pay because they live longer and have a greater chance of making long-term care insurance claims.
  • Marital status: Premiums are lower for married people than single people.
  • Insurance company: Prices for the same amount of coverage will vary among insurance companies. That is why it’s important to compare quotes from different carriers and use an insurance broker not an agent.
  • Amount of coverage: You will pay more for richer coverage, such as higher limits on the daily and lifetime benefits, cost-of-living adjustments to protect against inflation, shorter elimination periods, and fewer restrictions on the types of care covered.

When you are ready to talk to an expert about your Long-Term Care insurance rates, schedule a call: www.calendly.com/jimbetter. Find more resources in our blog.

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