How do I get a refund on my long term care insurance policy?
You can contact the agent who sold you the policy directly and he should provide assistance in getting a refund.
<a href="http://www.ltcfp.com">Long Term Care Insurance</a>
One can take out a long term care insurance policy from several different places. Some of the places in which one can take out a long term care insurance policy from are: Long Term Insure Me, and Own Your Own Future.
Consider this situation: if the cost, in a nursing facility for example, exceeds on the agreed policy, the insurance company will assume the difference without asking the insurance holder any additional payment. If, on the otherhand, the cost is overestimated, the insurance company will retain the difference of the cost against the agreed policy without returning a refund to the insurance holder.
The cost of long term care insurance depends on your purchase age, location, and the benefits and policy features you choose.
You would need a whole life or an universal life policy with an income rider, and possibly a long term care insurance policy which would fall under a health insurance policy.
Most states and counties offer free "insurance counseling services". These services can typically help you determine if long-term care insurance is appropriate for you. They'll also help you to understand some of the basic features of a long-term care policy. However, they will not tell you which policy you should buy. To get comparisons of several different policies you need to speak with a licensed insurance agent, especially an agent that specializes in long-term care… Read More
An insurance policy that covers custodial or personal care is a long term care insurance, generally, long term care insurance covers things that are not covered by health insurance. If you are unable to perform activities of daily living, or need assistance due to disability and chronic illness, long term care insurance covers these services. However, you need to buy it before your develop a condition that would require you to be on long term… Read More
The earlier you buy a policy, the lower your cumulative insurance premiums will be. Answer: Aside from buying a policy while you are still young, there are other several policy features and riders that makes your long term care insurance policy expensive. Of course the insurance agent will sell you a policy with all these features and riders so it pays to review your policy thouroughly. Benefit period, benefit amoung, waiting period and inflation protection… Read More
Generally not. And you can usually take a tax deduction for the premiums you pay.Their are taxqulified plans and ones that or not ANSWER: Long term care insurance benefits are not taxable but long term care insurance premiums can be. Depending on the type of policy, there is tax qualified policy. But your premiums can be tax deductible depending on your AGI and your age. For the year 2014, the internal revenue has increased the… Read More
Long term care insurance offers a wide range and variety of services. Depending on the policy you choose, your long term care insurance may pay not only for assisted living but home care, facility care, respite care and other settings. It is important to speak with an agent and review your policy thoroughly so you can make sure that the setting you prefer, be it home based or facility based, is covered.
a long-term care insurance rider is an optional benefit in your insurance policy that provides addition advantage and benefit. An example is the share care rider which is applicable to couples, another one is the inflation protection rider that increases your daily benefits so you can cope up with inflation. There are some long-term care insurance that already includes rider, it is better to study which among these riders will fit you best.
A non-forfeiture option in your long-term care policy is a feature that allows you to maintain some money if you decide to cancel your policy or if you fail to pay your premiums and the policy lapses. It is a sort of reimbursement by validating the minimum amount of your paid long-term care insurance premiums.
Depending on the benefit period that you choose, every long-term care insurance has benefit period which is determined based on your choice of how long your are going to receive benefit from your long-term care insurance policy. You can choose from 2 years, 3 years or even a lifetime benefit period which is also known as unlimited coverage, where you will be receiving benefits until your demise. However, the longer benefit period you have, the… Read More
It depends on the policy plans of particular company.For term insurance I prefer the buyonline.aegonreligare.com.
Long term care insurance partnership has an asset disregard feature which allows you to keep a portion of your asset, thus, there is no need for you to spend down all assets in order to qualify for medicaid. Supposed you buy a long term care insurance partnership policy with $200,000 benefit amount. When you enter a long term care facility and exhausted the benefit amount of your policy, you don't need to spend down all… Read More
A long-term care insurance may be worth the money depending on what the policy offers. However, it would be advisable to channel some of the funds to other forms of investments for the future.
Long Term Care insurance is very important and a must-have for everyone. However, the extent of one's policy differs. You can check some policies to have an idea how much you'll need
Long term care is NOT an annuity. It is a health insurance policy which provides both skilled and custodial care for policy holders. Instead of sending the client to a skilled nursing facility, a good long term care policy will provide both types of care at the clients home. Also, how is using someone else's money for your needs rather than spending you own money "not a good investment"? Insurance is about passing on the… Read More
There are a few benefits in having a Genworth long term car insurance policy. It can help reduce the costs of extended home care when suffering a long term illness. It also combines long term care with life insurance simplifying the product.
It's some kind of reimbursement from the insurance company, should you decide to cancel your long term care (LTC) insurance policy.
Long-term care insurance policies can be expensive and may be restrictive in what they provide. Before purchasing the policy, persons should be certain. The only risk is your monthly premium that you pay, you can cancel the policy at any time. However, this far outweighs the cost of having to pay out of pocket for caregiver services if you didn't have a policy.
Mal Schechter has written: 'Beyond medicare' -- subject(s): Finance, Government policy, Insurance, Long-term care, Long-term care of the sick
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Depending on the benefit period you choose, long-term care insurance companies offers lifetime benefit period also known as unlimited coverage. However, a long-term care insurance policy with unlimited coverage can be very expensive.
The benefits trigger of any long-term care insurance policy, be it non-tax qualified or tax qualified varies from policy to policy, depending on what is stated on your ltci so be sure to read your policy carefully as some triggers require you to be on a specific health conditions while others require that you are you are unable to perform the activities of daily living.
There are many ways to find long term insurance care. Long term insurance care can be found on websites such as Nationwide, LongTermCare, and CompareLongTermCare.
I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.
The Federal Long Term Care Insurance Program (FLTCIP) specializes in offering federal long term care insurance to eligible groups and their relatives.
One can find long term care insurance at many various health insurance websites like Blue Cross and Blue Shield. They have many options for long term care insurance.
Companies that sell long term care insurance are American Fidelity Assurance, Berkshire Life Insurance, MedAmerica Insurance and Prudential Insurance.
Long-Term Care insurance protects asstes, disability income protects income No, long term care insurance covers all the costs of a caregiver that is not covered by Medicare, Medicate and disability insurance. These services are quite extensive and expensive.
Unlike medical insurance, long-term care insurance can cover all the assistance you would need if you had a chronic or debilitating illness. If you're unable to care for yourself for an extended period of time, long term care would cover you. This might be in a nursing home or in your own home. Although it's becoming very popular among Baby Boomers as they age, younger people are buying long term care insurance, too. Anyone can… Read More
a good agent can provide you comparison for Long-Term Care from few different top LTC insurance carriers. ANSWER: An agent can only provide you with long-term care insurance policies from one company, but an insurance broker can provide you with different policies from different ltc insurance providers. The easiest way that you can compare ltci from different ltc providers is by getting free ltci quotes online, so you can choose the best policy.
Depends on your insurance company's policy.
Depending on how you purchased the gap insurance. If it was included in the financing + gap = monthly payment then any refund due would go to the finance company. If you purchased the gap insurance independantly from the finance company then you must contact the provider of the gap insurance directly for any type of refund.
A long term care (LTC) insurance policy secures financing your long term care needs in the future. With the increasing cost of ltc facilities and services which could go up to more than $100,000 / year depending on which state you are located, you lifetime savings could be easily depleted by paying care out of pocket. You can also avoid being a burden to family members when you are no longer able to perform activities… Read More
Long term care insurance offers protection from financial problems brought about by the expensive cost of long term care services that continues to keep rising. Also, this can protect the family members of policyholders from shouldering the expenses of their loved ones. Another thing, this can also be used as asset protection. You may not exhaust all of your money and assets as you receive contract benefits under the policy. Note, though, the the policy… Read More
There are various companies that cover different types of needs.If you are looking for Long Term Care coverage, ask your insurance carrier. If they don't cover it, there are places out there that do.The internet,phonebook and your friends can be excellent ways of finding what you are looking for. Basically, medical insurance do not cover or pay all long term care (LTC) services, medical insurance is focused on health care while long term care insurance… Read More
You need to contact your agent or the policy services dept. of your insurance company and they will be able to answer this question for you.
The only place to acquire AARP long term care insurance is directly from AARP. AARP partners with insurance companies to offer these insurance policies.
One can contact insurance companies directly or work with a broker to collect and compare offers for long term care insurance. Alternatively, websites like Compare Long Term Care can provide such a list for comparison.
Anyone can be listed on your car insurance policy as long as they have a valid driver's license. You just have to remember if that person has a bad driving record it will affect your insurance.
If you are referring to tax deductibility, yes, long-term care insurance is tax deductible. Age determines tax deductibiliby. Please refer to the related links below to check the limits of tax deduction for long-term care insurance:
One can apply for long term care insurance premiums by visiting the Federal Long Term Care Insurance Program website. One can view different plans and also read information regarding the plans and costs.
The percent of compound inflation of a long term care insurance policy depends on the choice of the policyholder, you may either choose 3%, 4% or 5% compound inflation rate. A compound inflation rate adds more money to your benefits compared to a simple inflation rate.
Long term care insurance costs may refer to the costs incurred from a long term health condition such as cancer, cystic fibrosis, paralysis, HIV Aids or any number of other long term conditions. Insurance companies may have strict policies and limits when it comes to long term care insurance costs.
No. You will only get "insurance" from an insurance company.
There are certain Long-Term Care Insurance that will reimburse or help supplement the cost of care for a senior in a private home. The service for senior care must still be paid directly to the agency, Long Term Care Insurance will be directly reimbursed to the client.