-
Is the insurance company rated at least
A, A+ or A++ by A. M. Best?
-
Is it a large, diversified company
selling more than just long-term care insurance?
-
Is the insurance representative an
expert in long-term care insurance? (Because of it's complexity, LTC specialsts only sell LTCI)
-
Does the representative have a degree
and industry designations?
-
Does the representative own a personal
long-term care insurance policy?
-
Is the policy your considering tax-qualified?
If not, do you understand the ramifications?
-
Do you understand how the elimination
period works?
-
Does the policy have a prohibitive
cost containment provision?
-
Do you understand how the waiver of
premium works?
-
Are you buying adequate coverage for
home care?
-
Do you understand inflation protection
and the difference between simple and compound?
-
If you don't buy inflation protection,
do you understand the consequences of that action?
-
Does the policy provide other funds
to allow transition to home care?
-
Does the policy pay for homemaker services?
-
Does the policy have an "alternative plan of care"
provision?
