Qualifying For Long-Term Care Insurance
The state of your health is the most important factor in determining if you can qualify for long-term care insurance.
How Will Your Health Affect Your Insurability?
Long-term care insurance companies underwrite their coverage, which means they will look at your health and health history before they make a decision if they will issue your policy and at what premium rate.
If you're in average health today, don't use tobacco products and take fewer medications, then carriers will be more likely to accept your application with good health discounts. However, certain health conditions could prevent you from qualifying for long-term care insurance at all. Each carrier sets their own health qualifications and they change with time. Once you are approved for coverage, health changes will not matter.
A seasoned LTCi expert will be able to evaluate your health and find you the best policy available for your situation.
Contact us to find out if you qualify for long-term care insurance today. There is absolutely no obligation!
LTC Insurance Approval Process
In most cases you do not need to take a physical to apply for long-term care coverage. Your eligibility is based on your answers to the application questions, a review of your medical records (if requested) and, in some cases, a face-to-face assessment, or telephone interview with a nurse.
The approval process typically takes four to six weeks. By law, every policy comes with a 30-day right to review, and once you know your approved rates, you can make changes to the policy with no penalty for up to 30 days. You can also appeal an underwriting decision or decide not to take the coverage at all. If the policy is declined, other solutions may be available for your review.
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