Long Term Care Insurance policy trends are emerging across the industry.  The insurers are recognizing that when it comes to Long Term Care Insurance policy design, one size does not fit all when the personal preferences, financial situation and other factors are taken into account.  In order to make smart, retirement-planning decisions with regards to your Long Term Care Insurance policy, you’ll need to know what’s possible but also what will work for you and your family in preparing for you, and your spouse’s, future, long-term care needs.

Long Term Care Insurance policy trends

A recent survey of policy components that are most often included in a Long Term Care Insurance policy can assist in revealing the key insights into what works for best for most people in long-term care benefits and services.  Here are some figures against which Long Term Care Insurance policy benefits and features are most-commonly used to help you understand what your options are in thinking about smart, retirement planning.

% of policies issued with the following…

Benefit Types
Daily reimbursement – 60%
Monthly reimbursement – 26%

Benefit Period
6 years – 11%
5 years – 22%
4 years – 13%
3 years – 22%

Covered Partner Riders
Premium waiver for covered partner rider – 49%
Shared care rider – 23%

Inflation Protection
5% compound inflation protection rider – 37%
3% compound inflation protection rider – 43%

Elimination Period Calculation
Service day – 66%

Long Term Care Insurance policy options navigation

Many Americans don’t understand all of the terms and features associated with a Long Term Care Insurance policy.  That’s what we’re here for.  At LTC Tree, we’re experts in Long Term Care Insurance policy options and are the largest virtual Long Term Care Insurance brokerage in the country.  We work with the top, blue chip carriers to obtain quotes that are based on your personal preferences and individual financial situation.  Then, we leave you the space and time to evaluate them while we remain here to answer questions and guide you.  To drill down more on more Long Term Care Insurance policy specifics click here.

It works like this.  Simply fill out our form and we’ll get you quotes from these top Long Term Care Insurance companies that offer the most-common Long Term Care Insurance features and benefits.  Then, we’ll assist you in navigating the array of options available and help you choose a plan that is right for you and your family.  Thanks for reading today’s blog and be sure to check back on ltctree.com for the best in Long Term Care Insurance policy options advice, rates, quotes and comparisons.