The Genworth LTC Cost of Care Survey...
..for 2016 has finally arrived. About a month later t  han in previous years, but well worth waiting for. There are many long term care cost studies out there, but this one, done annually by Genworth Financial for the past 13 years is the most consistent & the most comprehensive. I use it when making my plan recommendations. What does this year's survey tell us about care costs? 1. The median cost of a metro-Denver nursing home private room has risen to... READ MORE
Did You Know?
Can you save money if you buy long term care insurance:
1. On-line?
2. Directly from an insurance company?
3. Your stockbroker?
4. Your financial planner?
5. An independent insurance broker who specializes in helping people plan for long term care (such as The Long Term Care Specialist)?
Answer: The cost for the same policy is the same no matter where you buy it. Why? Because insurance premiums are closely regulated. State insurance departments approve rates which then must be strictly followed. Your premium for the same policy may not be any higher, or lower, than what has been approved.
Sometimes you may be shown a policy based upon the preferred rate class...for which you will not qualify. Other times, the policy inflation percentage may be different...or not included at all. Get the best "deal" for you. Work with an experienced LTC specialist who offers plans from multiple insurance companies.
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