There are three issues concerning people who are considering long-term care insurance: The underwriting and approval process can be long and difficult Claims may not be paid in the future when care is needed, and Premiums might skyrocket forcing you to drop the...
The cost of a long-term care insurance policy is based upon several factors: your age at the time you apply for the policy, the benefits you choose for your policy, your premium payment option (e.g. 10-pay, “pay to age 65”, lifetime pay) your state of...
Underwriting = The process of examining, accepting or rejecting insurance risks, and classifying those selected, to charge the proper premium for each.
