One day most of us will need assistance with daily responsibilities. Many people are preparing by purchasing long-term care insurance. What should you look for when shopping for coverage? Ask yourself these questions:
• Does the policy cover nursing home care?
• What about assisted living and home health care?
• What’s the maximum daily benefit for nursing home care? • Are there limits on the amount the policy will pay during a lifetime?
• Does the policy have inflation protection?
• Does it set limits on preexisting conditions?
• Is there a waiting period—and, if so, how long?
• Are your premium payments waived while you’re receiving benefits? Whatever options you’re looking for when shopping for long-term care insurance, call us. We’d be glad to help.