Finding the Right Long-Term Care Insurance Company
What does it mean to find the right long-term care insurance company? It means you are going to find a company that not only has the best options and affordable rates, but that will also be there in the years ahead.
Long-Term Care Insurance Companies Carlsbad CA – Finding the Right Long-Term Care Insurance Company
Long-term care insurance is not generally for the immediate future.
When people begin looking for long-term care insurance, they might have a parent or grandparent, possibly even a friend or a friend of a friend who is suddenly relying on long-term care and they are struggling financially. People begin realizing the impact this can have on their retirement savings, family’s finances, and much more.
So, where do you start?
The best place to start is by seeking out a company that has a great reputation. It could be a relatively small, independent insurance company or agent, but as long as they have a wonderful reputation for being there for their clients, that’s a good place to start.
Consider that long-term care insurance is not quite the same as other types of insurance.
It’s not like life insurance. Yes, life insurance can be a great safety net for many families, especially when considering the cost of funerals and other expenses when somebody passes away. With life insurance, as long as the policy is maintained, it will pay out, ultimately.
Long-term care insurance may never pay out if there is no specific need for long-term care. However, in the event that some type of long-term care is required, when you calculate in the cost of that level of support, either in the form of home care services, assisted living, or nursing home care, you begin to realize just how much money that is over time.
So, look for a company that has strong financial backing.
An insurance company that doesn’t have great, solid financial backing may not be around long enough for the policy to pay out. You also need to be aware that some companies, especially if they face financial hardships, may ultimately raise their premium rates for various policies and if that happens, you might not be able to continue affording that policy.
The best thing you can do is seek out a company that specializes in long-term care insurance, read the reviews online, and make sure they are a solid company established for long-term needs. When you find that company and get a policy, you will feel more comfortable that you and your family are protected in the event long-term care is ever required.
If you or a loved-one are considering Long-Term Care Insurance Companies in Carlsbad CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
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