Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Insurance Forums
Health Insurance
How to Calculate the Average Cost of Long Term Care Insurance
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Wole.K, post: 168673, member: 13"] [JUSTIFY]You may think that long-term care insurance is a luxury that only the rich can afford. But it's not. This type of insurance has become very important in the last decade or so, since more people are aging and medical expenses continue to rise. Long term care insurance helps you care for your loved ones in the same way that you care for your other assets - by setting limits and budgets so that you don't fall behind. It also gives you the sense of security, knowing that you can financially cover the term care in case you ever need it in the near future. [LEFT][IMG align="right" alt="long term care insurance cost"]https://i.imgur.com/kbQb300.jpg[/IMG][/LEFT] A long-term care policy covers many things, such as nursing home costs, adult daycare services, and help paying your taxes and other expenses. Depending on your age, the coverage can be very expensive. In fact, it's usually recommended that you buy it right now, before you reach retirement age. The best way to do that is to purchase a plan that combines your tax-qualified savings, investment options, and life insurance for maximum protection and value. One of the biggest expenses associated with long-term care insurance is the monthly premiums. In most cases, you'll pay more than $100 per month for an average policy. And depending on how much you use your insurance, the actual payments could be higher. If you're in a high-risk profession (i.e., you have a risky job, own a risky car, or are involved in a risky sporting activity), you could pay much more. Some people buy a annuity with the idea of cashing in at a younger age. If they do that, they must also buy a life insurance policy with the same company. So if they cash in their annuity, they are transferring their insurance costs from their original life insurance policies to the annuity. Many life insurance companies will match the value of your annuity dollar for dollar. Some other reason some people choose a long term care insurance cost rider is because of their children. A child can reach the age of one and become eligible for coverage. At this point, the parents may choose either a short-term or long-term care insurance policy. If you've already purchased a term policy, it would make sense to switch to a long-term care policy, even if it means paying more upfront. Your children will need long-term care insurance, so it makes good financial sense to get the coverage you need now, before your kids need it. There are a number of ways to calculate the average cost of long term care insurance. Many insurance companies offer an online calculator, where you plug in your personal information, and it tells you what the premiums will be. You can also contact several insurance companies and get an idea of what their policies would look like. By knowing the average cost for long term care insurance, you'll have a better idea of what you're looking for in an insurance policy. Knowing this basic information will help you shop around for the best policy and premiums.[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Insurance Forums
Health Insurance
How to Calculate the Average Cost of Long Term Care Insurance
Top