Saving You Money For Life

he American Association for Long Term Care Insurance has estimated that eight million Americans are now protecting themselves with long-term care insurance, but others have no idea of their options or what’s available. The group noted that the industry paid $3.3 billion in claims in 2006, the highest payout to date.

The policies usually cover home care as well as nursing home facilities. Today’s long term care insurance policies have many options and users can tailor the policy to meet their exact needs. And with Medicare covering assisted living services only in certain cases, long-term care insurance is an option many Americans are considering-and choosing.

For people who end up needing long-term nursing care, the insurance is vital. Most important is finding an insurance option that fits your needs. You can choose different elimination periods and different time periods for maximum benefits.

What is the probability that you will need long term care? What is the probability that you will need that care for months and even years? These are factors to consider when making your decision about your long-term care insurance needs.

Usually, applying with your spouse or partner will mean added discounts on both policies, so make sure to mention your needs to your insurance agent.

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Another great article in the paper recently. This one is about what I’ve been talking about for the past two years….selling your life insurance policy to make money. This guy understands the “Tony Soprano” factor that I’ve been talking about in previous blogs and with the news media.

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