Once people start to learn about Long-Term Care Insurance (LTCI), they often have questions. Here, we answer those we hear most often. What is the underwriting process for LTCI? Whether you’re considering a traditional or asset-based LTCI plan, step 1 of the process is to answer a preliminary health questionnaire. This helps to determine which…
While many people think they know what Long-Term Care Insurance (LTCI) is, there are many misconceptions out there. Here, we review three important facts to help you gain a clearer understanding of LTCI. Fact #1: Medicare Isn’t the Same as Long-Term Care Insurance According to AARP, a surprising number of people still believe that Medicare will cover…
You’ve heard about Long-Term Care Insurance (LTCI), but do you really know what it is, not to mention if you need it? LTCI reimburses policyholders a fixed daily or monthly amount when they require assistance with two of six specific activities of daily living or because of cognitive impairment due to Alzheimer’s disease. The six…
