Long_Term_Care_Insurance

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					Title:
Long Term Care Insurance

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604

Summary:
It is estimated that about fifty percent of the population will need
long-term care. It is not at all rare for older people to need long term
care. By learning more about long term care insurance, you can protect
yourself and your family when and if the need arises.


Keywords:
long term care insurance, insurance, online long term care insurance,
cheapest long term care insurance


Article Body:
What is Long Term Care Insurance?
Long term care insurance serves to help those individuals who need extra
care and attention as they age. Long term care insurance helps to take
financial burden away from family members, and for the individual in need
of such care. Often, the elderly have very little income and no “extra”
money. Yet, the cost of aging itself seems to be rising. Those who can
least afford it are expected to pay huge healthcare costs.

This is why long term care insurance can be beneficial, and take
financial burden away from those who cannot afford the high cost of
healthcare. A long term care insurance policy may be purchased at any
time, though policies are ideally purchased before the need for long term
care arises.

Paying the Price of Long Term Care Insurance
Long term care insurance premiums and rates will usually go up as the
policyholder ages. In some cases, long term care insurance will not be
needed at all. In those cases where long term care is needed, however,
long term care insurance can be invaluable.

The price of paying for long term care insurance is much less than the
cost of paying for long term care. Healthcare these days is very
expensive. Long term care, these days, is astronomical.

“An average private nursing home room this year costs over $190 per day.
Now, to receive 24 hour care at home costs more than $400 per day. Life
expectancy for women is 80 years, five more than men. You want to stay in
your home as long as you can. You want to choose where and how you
receive long term care as you grow older. About sixty percent of those
age 65 and older will need long term care. A third of those receiving
long term care today are under 65”
-     Long Term Care web site, July 2006

Obtaining a Long Term Care Insurance Policy
Many insurance companies offer long term care insurance policies. It is
always a good idea to shop around for the best rates and coverage when it
comes to purchasing any type of insurance policy, but especially when it
comes to health insurance.

Rates on long term care insurance will rise as time passes, but in
general it is best to purchase a long term care insurance policy before
the need for long term care arises. Do as much research and obtain as
many quotes as possible when considering a long term care insurance
policy. Make sure you know the rate at which the policy will increase
and how much the long term care insurance will pay.

Understanding Your Long Term Care Insurance Policy
These days, simple insurance policies are so complicated that you almost
need a translator to decipher the more complex language. It’s very
important that you understand the details of your long term care policy,
including limits and deductibles that are applied to that policy. If you
need help understanding a policy, you can consult with a lawyer. Do not
sign up for a policy unless you understand every detail of that long
term care insurance policy. You want to have all the details before you
sign.

How Do You Know Long Term Care Insurance is Right For You?
Long term care insurance is for anyone who does not have an unlimited
supply of money, who does not want themselves or their family to bear a
heavy financial burden as they age. Long term care insurance serves to
protect you, both financially and health-wise. Long term care insurance
is a good idea for anyone, whether they believe they may need long term
care or not.

				
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