Friday, December 4, 2015

How to Get Comparative Long Term Care Insurance Quotes?

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Years ago, buying long term care insurance is a tedious process. If you want to compare prices, you have to call long term care insurance companies one by one. Today, however, because of websites that provide consumers with comprehensive information about long term care, it is now easy to get long term care quotes from major insurance companies.

Getting detailed and comparative quotes only requires 3 simple steps:

1.     Search for a reliable website that offers free LTC quotes. The website http://www.altcp.org/ provides LTC quotes at no obligation to you. It also has wide range of information for people who wants to plan for long term care and save on premiums.

2.     Fill up a short form. The website will ask you some basic details such as your age and that of your spouse. These details are necessary because the initial computation of your premiums will be based from those details. Leave at least one contact information so a long term care specialist can reach you.

3.     A long term care specialist will call you and discuss your policy options. If you prefer, the specialist can help you narrow your choices by helping you understand your care preferences and needs. Based on your chosen benefits, he will then provide you with comparative long term care insurance quotes from different company. Once you have your comparative quotes, compare the premiums charged by insurance companies. Choose a reliable and trustworthy company that gives the most benefits at the lowest cost.


Long Term Care Quotes Sample
Specifications
Company A
Company B
Company C
Company D
Partnership Plan
Yes
No
Yes
Yes
Daily Benefit
$250
$200
$250
$250
Benefit Period
3 years
3 years
3 years
3 years
Elimination Period
90 days
90 days
90 days
90 days
Inflation Protection
5%
3%
3%
5%
Home Care Benefit
50%
100%
100%
100%
Shared Spousal Benefit
Yes
Yes
Yes
Yes
Annual Premium
$1,600
$1,500
$1,500
$1,600




Before buying, you must first check the background of the insurance company you want to do business with. Make sure that they have good financial standing. The last thing you want is to sign up with a company that’s on the verge of bankruptcy. Furthermore, no matter how low their premiums are, do not sign up with a company that has a long list of complaints and lawsuits. Remember that how a company treats its current customers reflect how they will treat you in the future once you become its customer too.

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