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Re: LTC premium cost

Posted by Kelly Wentz, CSA on November 16, 2001 at 16:08:25:

In Reply to: LTC premium cost posted by Michael Hood on July 16, 2001 at 09:22:32:

Price nor size is the best indicator of quality. Commitment to the LTC market, how long have they sold it, is important. I have many clients in their 20s, 30s & 40s with LTC insurance. I sold myself at age 36. This is not like major medical, the companies know exactly what their potential claim liability will be on each insured (base rate Xs componding inflation rider) Basically there are 3 times to buy LTC insurance 1-Just before a claim. 2- Just before loosing your insurability & 3-NOW. Buy only Lifetime with compound inflation protection at your age.

Follow Ups:

Re: LTC premium cost : Price nor size is the best indicator of quality. Commitment to the LTC market, how long have they sold it, is important. I have many clients in their 20s, 30s & 40s with LTC insurance. I sold myself at age 36. This is not like major medical, the companies know exactly what their potential claim liability will be on each insured (base rate Xs componding inflation rider) Basically there are 3 times to buy LTC insurance 1-Just before a claim. 2- Just before loosing your insurability & 3-NOW. Buy only Lifetime with compound inflation protection at your age.

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