Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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If you are searching for long term care insurance for future use, then you are a shrewd thinker who plans ahead. Why not start searching right now for the best long term care insurance quotes by entering your zip code into our chaser tool now?

Obviously, long term care insurance covers a number of things, from private home care (allowing you to stay in your own home), to assisted living facilities, respite care, and even nursing homes. Finding the best long term care insurance or LTCi, can be tricky.

Before choosing any type of insurance it is wise to set aside some time to do your homework. You’ll need to ask yourself some tough questions, and be completely honest with yourself about your possible needs for the future. You will also need to figure out the maximum you can afford to pay for this type of insurance coverage.

Questions to Ask to Find the Best Long Term Care

Try to think about your own parents and older relatives who lived years ago:

  • What kind of care did they receive?
  • Would you like something similar, better or different?
  • Do you like the thought of a community life with people your age in an assisted living type of environment?
  • Would you prefer to stay in your own home and have someone come to you?
  • What does your budget allow for?

Looking at your options, and taking into account your predicted health, can help you decide what is right for you. You can then begin looking for policies that offer the type of care you are after. The cost of long term care insurance and services can vary greatly, so try to find a plan that adequately covers all aspects of health. You need to be on the lookout for a plan that covers various stages of your life, in case conditions change. Failing to do with could cause the loss of some benefits.

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Considerations in Choosing the Best Long Term Care Insurance

Once you know what type of care you want, and have a good idea of your price range, you can start looking at long term care insurance companies. It is best to call around and get information from several companies before deciding on one. There are plenty of things to find out about each provider before signing your name to any contracts.

Start by finding out if your policy is guaranteed for life. You don’t want to be paying for a policy while you are in relatively good health and age, only to have your insurance company cancel the term contract once your health begins to decline. Don’t mistake guaranteed for life to mean a guaranteed premium rate. The cost of healthcare changes and so too will your premiums. Finding a policy with a guaranteed premium rate is all but impossible and, even if you find it, it will be extremely pricy and not always worth the effort.

Another thing to look into is whether or not there are any protections in place for late payments, and reinstatements. You may have never paid a bill late in your life, but as people age, their memories can sometimes get a little fuzzy. You don’t want your policy cancelled due to a forgotten payment. An insurance company that has various policies in effect to protect insured policy holders against this unfortunate scenario is the type of company you want to work with.

To be sure you are getting the best policy, and that you won’t encounter any surprises down the road, you may also want to ask the insurance company about pre-existing condition clauses. Ideally, you want a policy that covers full care later on in life. Certain medical factors you may not even consider as “pre-existing conditions” can come back to haunt you, and lead to various claims being denied.

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More Questions to Ask Before Finding the Best Long Term Care Insurance Policy

Other important questions to ask include:

  • How long is the waiting period?
  • What is the deciding factor that will trigger payments?
  • Is hospitalization required before the benefits kick in?

Usually, if the waiting period for benefits is longer than just a couple months it is time to look elsewhere for a better insurance policy.

A policy that does not require hospitalization for the start of benefits is also a good buy. What triggers benefits will depend on each insurance company, so be sure that you are both on the same page about all significant important. Alzheimer’s disease should be covered in the policy, as well as any difficulty performing daily tasks like eating and bathing.

One of the most important things you can do to insure you are getting the best long term care policy is to shop around. You can start by going online and getting some basic price comparisons. Read through the various options and then narrow it down to a handful of companies. From there you can speak to an agent in person or over the phone and discuss all the details of the policy. Ask every question you have until you are sure you have a thorough understanding of what you are paying for.

Getting the right policy ensures both you and your family’s future happiness. There is really no better gift you can give yourself or your relatives. This is a place that you know you will be well taken care of all through your happy golden years of life.

Why not compare long term care insurance quotes right now by entering in your zip code?