Quality Long Term Care Insurance For Less -- 5 Steps To Cheaper Rates

Long term care insurance is a very important policy. However, it's also very expensive. Good a thing, you don't have to choose between paying much for it or staying without it. You can have both. Here are things that will help a great deal...

1. Buy when you're young. The younger you are, the cheaper your rates. However, "young" for this policy does not mean you should think about it when you're under 40 years of age. Your 50th birthday is good time to start thinking about it unless your medical or family history suggests that you'll need it years earlier.

2. Make sure you lose as much weight as possible before you apply for this policy. If your BMI (Body Mass Index) is high, your rates too will be high. Therefore, do everything within your power to lose weight for even a few weeks if you're overweight. Apply and have your medical exam then and you'll save much.

3. If you smoke then you'll pay much higher rates. It's a generally accepted fact that smokers are more susceptible to certain health conditions. Furthermore, it aggravates a host of others. If you can (You can!) Quit smoking for up to thirteen months and then apply. If you do otherwise you may have to pay up to 50% more.

4. You can realize savings of more than $2,000 on your long term care insurance policy by obtaining insurance quotes from reputable quotes sites. If you want to get better results, get and compare quotes from not less than five sites.

But bear in mind that you'd have to look at both the price and value offered for the price. There are usually a lot of differences in the details of each policy and you'll be courting trouble if you do NOT take time to ensure every feature of importance to you is clearly included.

Furthermore, don't fail to check with your state's department of insurance to ensure your preferred insurer is licensed to sell long term care insurance in your state.

Finally, you have to go with an insurer that has been long in the game of long term care insurance. Don't use any insurer that's not highly rated. The Better Business Bureau (BBB), A.M Best Company, Phelps, Inc., Standard & Poor's Insurance Rating Services, Moody's Investor Services, Inc. and others will be of great help in such research.

Keywords: