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The policy maximum on a LTC insurance policy is the total amount estimated to be paid out by multiplying the daily benefit (or monthly benefit) times number of years in the benefit period (3, 5, 8 years, or lifetime benefit) without cinsidering any increases due to Cost of Living.
What else can I help you with?
Where can one take out a long term care insurance policy?
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.
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>
When does long term care insurance begin?
Long term care insurance typically begins once the policy is in effect, which is usually after the premium payments have been made and the policy has been issued. The specific start date can vary depending on the insurance company and the terms of the policy, so it's important to check the policy documentation or consult with the insurance provider for the exact details.
When should I add my baby to my vision insurance policy?
You should add your baby to your vision insurance policy as soon as they are born to ensure they have coverage for eye care services and treatments.
What are some advantages of having a health insurance policy?
"Some of the advantages of having a health insurance policy are that if one happens to get sick, they will be covered by their medical insurance. If one is not covered the costs for medical care can be detrimental."
What type of insurance replaces income if you a long illness or injury and cannot work?
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.
What is membership in Health care insurance?
Most group (insurance you get thru your employer) health companys/policy refer to their insureds as 'members'.
How do you save on long term care premiums?
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 are some of the features and rider that you can tailor based on your needs and preference so you can make your long term care insurance policy more affordable. You may also consider relocating to a state where ltci cost are cheaper, because cost long term care insurance cost varies per state.
What risks are there with long-term care insurance?
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.
What if you get in a wreck but have failed to pay the insurance the past month the car is new and has gap insurance but the insurance is inactive because of failure to pay?
Your Not covered for anything at all. If the auto insurance is inactive, then so is the GAP coverage. "GAP Insurance" is Not "Auto Insurance", it is Finance Company Insurance. it will only pay the difference after your required Auto Insurance policy has paid it's maximum limits. If your auto insurance lapsed, then your GAP insurance has also lapsed automatically and concurrently. The GAP Insurance is Void in the absense of an auto insurance policy. Your on the hook for all monies owed to all parties involved with your finance note. Take Care
How much fine of Violation of long term care insurance?
It depends on the policy plans of particular company.For term insurance I prefer the buyonline.aegonreligare.com.
Will your insurance policy go up if you are involved in a collision with a pole?
If you report it to your insurance agency it will. If you decide to take care of the damages yourself, and not contact them, it will not.
