Useful Tips in Comparing Long Term Care Insurance Policies

Shopping for a long term care insurance policy can be confusing. So, some people, although they know the significance of having one during retirement, shy away from the idea of buying because this type of policy seems to be more complicated than typical life or health insurance. If you share the same dilemma, then perhaps you can make use of these tips in comparing long term care insurance policies. First, you have to make a summary of all the ADLs or Activities of Daily Living that you need. Then, check each insurance company if the policy that they offer covers all those ADLs and ask what qualifications are needed for receiving benefits. Now if one company offers a policy that pays for more ADLs with less qualification, then put it on top of your list. Second, do not disregard the significance of inflation protection included in a long term care insurance policy. A lot of insurance agents tend to mislead you by saying that they have the cheapest lowest policy in town simpl