5 Ways to Save On Long-Term Care Insurance

Posted on: December 11, 2015 By: Risk Management Blogging Team
Long Term Care Insurance Brookfield WI

Find out how you can save on your Brookfield, WI long-term care insurance.

Life expectancy has reached an all-time high! As we live longer and longer, it becomes more likely that we’ll require long-term care, either at home or at a facility such as on assisted living center or nursing home. At the same time, long-term care insurance is becoming more and more expensive, and it can seem daunting to find the right policy at the best price.

Luckily, there are ways to save on your long-term care insurance so that you can have health protection without breaking the bank!

Streamline your coverage
You can save money by dropping some types of coverage. Assess your needs by streamlining your policy.

Pass on a lifetime policy
Reducing the possible length of your long-term insurance benefits can help you to save big. Note that you may be losing out on covered expenses if you do this!

Extend the waiting period
Long-term care insurance can allow you to enjoy a lower rate by opting for a longer period of paying the bills on your own before your coverage kicks in. You’ll pay less each month if you extend the 90-day waiting period.

Get it young
Although you won’t need coverage until you’re older, it’s best if you buy your policy young. As you age, the higher price of policy you’ll be offered, if you’re even eligible at all! It’s estimated that best policies are bought when people are in their 50s.

Skip the search of digging through the internet for online quotes. Find the most affordable long-term care insurance policy for at Risk Management LLC. For a policy within your budget in Brookfield, Wisconsin, contact us today!

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