Who is not a good candidate for a LTC policy?
• Has few or no assets to protect (less than the cost of one year in a nursing home is one rule of thumb that may be used). • Is unable to afford insurance premiums, either now or in the future. • Is already disabled or has a serious health problem (and might not pass the medical underwriting required to get coverage. However, it may be worthwhile to try. • Has an income level that meets Medicaid eligibility limits. • Has enough assets to be self-insured and chooses that option. • Has no surviving loved ones or favorite causes to whom to leave assets. Back to Top What will my policy be worth in the future? It is important to make sure the daily benefit amount is sufficient at the time of need. To make sure the value is there, we recommend our clients include an inflation rider which automatically increases policy benefits annually without increasing premiums. Back to Top Glossary of Terms and Definitions Activities of Daily Living (ADLs): Activities that people do independently everyda
