Imagine safeguarding your future without placing any unnecessary burdens on your loved ones. As we age, our health becomes more delicate, and having a plan in place for any unforeseen circumstances is crucial. Long-term care (LTC) insurance offers the assurance of additional support should you need it down the road.
While group insurance policies often come with cost benefits, when it comes to long-term care insurance, an individual policy might offer you equal or even superior coverage at a potentially lower cost. Get in touch with our knowledgeable team at Allen & Furr Insurance in Roswell, Georgia, to explore the wide array of individual long-term care insurance options tailored to your specific needs.
When Is Individual Long-Term Care Insurance the Optimal Choice?
Opting for an individual long-term care insurance policy could be a smarter decision in certain scenarios. Here’s why:
- Good Health Discounts: Your excellent health status could qualify you for significant discounts, often up to 10%. Even if your health changes in the future, you won’t lose the initial discount.
- Spouse/Partner Discounts: By including your spouse or partner in the policy, you could potentially save up to 40% on individual long-term care insurance costs. With combined savings, the expense may amount to only 20% more than a single LTC policy.
Understanding Individual Long-Term Care Insurance Costs Several factors play a role in determining the cost of individual long-term care insurance, with age being a significant one. Other factors include your overall health and whether you choose individual or couple coverage. Should you be considering individual LTC insurance, our team at Allen & Furr Insurance is ready to guide you through the process, ensuring you find a policy that not only provides the best benefits but also fits seamlessly into your budget.