Fox 29’s John Favole And Shari Olefson On Long Term Care Insurance

Long Term Care Coverage

Custodial Care

10 Million Policies

Most Buy Between 52 & 64. Premiums are a lot cheaper if you get it before 60.

$6.6 Billion Paid a Year in Claims

Tips

Work with an agent that is familiar with it.

Top 3 Common Challenges

Finding a facility nearby

Deductibles in the form of an Elimination Period and Prerequisites

Caregiver Paperwork must be completed correctly

 

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