Frequently Asked Questions(FAQs) About Long Term Care Insurance

What are the benefits that couples should consider while buying long term care insurance policy?

Many couples prefer buying shared benefit coverage plan as this plan helps one spouse to dip into their spouse's policy and can start to use their benefits.

How does health condition influences the cost of the long-term care insurance?

The cost of the long-term care insurance premiums will go up if you have health problems such as Diabetes, Hypertension (high blood pressure), etc.

What is the meaning of long term care insurance policy?

Long-term care insurance provides variety of services that help meet both the medical and non-medical need of people with a chronic illness or disability who cannot care for themselves for long.

What are the reasons to buy long term care insurance policy?

You can obtain an exemption of tax if you are working and are the owner of the long-term care insurance policy.