Understanding the Structure of Your Insurance Policy
In This Chapter
• Who has the best policy?
• How level does your premium grow?
• Home care only and nursing home only policies
• Policies that spouses can share
The type of long-term care insurance policy that you buy can make a big difference in the premiums that you pay, how you access benefits, and how these benefits are paid to you.
I’ve already discussed the subject of tax-qualified versus non-tax-qualified policies (see Chapter 12), and group vs. individual policies (see Chapter 14). In this chapter, I take a look at some other considerations when looking at LTC insurance.
Which Policy Is Best?
Let’s start with the question on everyone’s mind. Which policy should I buy? Or, ...