Long-term care insurance premiums are based on your age at the time you apply for coverage, so the younger you are, the less premium you will pay.
There are other factors that affect the cost and these vary by company. Always work with an agent that specializes in long-term care insurance.
Other Factors That Affect LTCI Premiums:
- Your health at the time you apply
- The benefit amount you determine you need
- The length of your benefit period
- The elimination period you select
- The inflation protection option you select
- The carrier's method of paying claims
- Discounts that may apply to you
- The carrier you choose
It is important to point out that while long-term care insurance may seem costly, having no insurance is much more expensive. The cost of a single year of long-term care would pay for many, many years of long-term care insurance premiums!
We can design a plan to meet your budget! E-mail info@gurleyltci.com.
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