Dale M Krause
Expert
1. Purchase it when you are young and healthy. Purchasing long-term care insurance when you are young and healthy makes it more affordable and more accessible to qualify for.
2. When you purchase the perfect policy. With a traditional policy with a reasonable per diem, a term of benefits, a 90-day elimination period, an inflation rider, a ten-pay feature, and a return of premium benefit, you are making a wise investment. Each of these features will maximize the value of your policy and ensure that you are protected in the best possible way.
3. When your family cannot agree on long-term care decisions. A LTCI policy will ease family tensions and promote harmony. The policy will act as a beacon of clarity in times of indecision and when quick decisions are needed. It will ensure everyone is on the same page about caring for you, alleviating stress, and fostering a supportive environment.
4. When you finally need long-term care, having coverage will provide the financial resources required to pay for the necessary care without depleting your savings or burdening your family.
2. When you purchase the perfect policy. With a traditional policy with a reasonable per diem, a term of benefits, a 90-day elimination period, an inflation rider, a ten-pay feature, and a return of premium benefit, you are making a wise investment. Each of these features will maximize the value of your policy and ensure that you are protected in the best possible way.
3. When your family cannot agree on long-term care decisions. A LTCI policy will ease family tensions and promote harmony. The policy will act as a beacon of clarity in times of indecision and when quick decisions are needed. It will ensure everyone is on the same page about caring for you, alleviating stress, and fostering a supportive environment.
4. When you finally need long-term care, having coverage will provide the financial resources required to pay for the necessary care without depleting your savings or burdening your family.