These are the questions I most frequently receive. These are important questions that need answering.
What does long term care insurance cost?
What is the average benefit, or Elimination Period, or length of Benefit…What do most people do?
When should I get coverage?
However, there are critical questions that people SHOULD be asking.
How much will my personal budget allow monthly or annually to ‘solve’ the need for long term care protection?
You would never think of asking how much a house costs or how much a car costs. You would start with your budget and then do your shopping. It only makes sense to buy this type of protection the same way, since the range of cost is very broad.
What benefit makes the most sense for my budget, geographical location, resources. What is best for my family and me?
Doing what most people do can be very dangerous when you’re making financial and family protection decisions. You aren’t most people. You are YOU.
This question doesn’t really have a good alternative, since the answer is: The best time to buy coverage is the day before you get sick.
Studies show that about 12% of people under 50 are declined coverage, 20% of people between 50 and 60 are declined and 25% between 60 and 70 are declined. Now is the perfect time to get coverage.