"Newer policies introduced by leading insurers offer some significant savings advantages well worth considering,"
"Policies today have evolved to meet both the needs of younger individuals who want to plan and to take into account the current economic conditions,"
According to the Association, a couple both age 55 who apply for long term care insurance http://www.aaltci.org/
By comparison, Slome notes that the same initial coverage would cost $1,300 if the couple selected a Future Purchase Option. "This is an outstanding option because it allows the couple to increase benefits in future years without having to meet new health qualifications,"
"Just as people today want fuel efficient cars because gas prices have significantly risen, people who want long-term care protection should consider the significant merits and savings obtained by opting for the Future Purchase Option feature," Slome advises. The expert notes that not all insurers today offer this benefit. "With long term care insurance the policy options and costs can vary significantly from one insurer to the next," Slome notes. For example, while the average cost reported was $1,300 annually, the cost ranged from a low of $1,250 to a high of $1,770.
For long term care insurance costs connect with an endorsed long term care insurance professional and member of the American Association for Long-Term Care Insurance visit the organization's website or call the national organization at 818-597-3227.