What is the best LTC insurance company?
Companies that sell LTC insurance in California vary widely. Some have decades of experience, while others are relatively new to the market. Some are large companies with many other products and subsidiaries; others are smaller and specialize in LTC insurance. Some that have sold LTC insurance in the past have recently stopped selling these policies, leaving fewer companies from which to choose. Rating services such as AM Best and Standard and Poor provide information to help you evaluate the financial strength of companies that sell LTC insurance. The California Department of Insurance (CDI) publishes data showing which companies have raised their LTC insurance premiums during the last 10 years, the amount of the increase and which states were affected. The CDI also publishes comparative information about products available in California and a complaint ratio for all insurance companies. Contact the CDI online or at 1-800-927-4357. If you buy LTC coverage through a group or nationwide
