Saving You Money For Life

The American Association for Long Term Care Insurance recently issued a report concerning financing options for people in their 50s. The study researched the percentage of long term care insurance applicants who qualify for money-saving preferred health discounts.

While most people understand the need for long-term care insurance an recognize that they’ll need it some day, they can wait too long to plan. People in good health can qualify for 10 or even 20 percent discounts per year. For a couple, that savings will double.

The report found that the percentage of applicants in their 50s who qualify for good health discounts varied from 42 to 58 percent. That number will drop to about 32 percent for people in their 60s. Just under 20 percent of long-term care insurance applicants in their 70s will qualify for the good health discount. Clearly, planning ahead-and purchasing long-term care insurance while you’re healthy-is important.

Once one long-term care insurance provider has turned you down for coverage, it may be more difficult to get coverage from other companies.

Buying long-term care insurance while you’re in your 50s can save you money, before an age-related devastating health incident. It will also provide you with peace of mind for you to enjoy your golden years worry-free.

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