There is no doubt that long-term care insurance is a good investment. What remains to be decided is which provider will be chosen for this type of coverage. Before signing anything, it pays to sit down with a representative of the LTC Insurance Company in Houston and ask a few questions. Here are some examples to keep in mind.
What Qualifies as an Act of Daily Living?
Many of the benefits found in the plans offered by the LTC Insurance Company in Houston are associated with specific events. These are known as Acts of Daily Living. In order to claim benefits, one or more of those events must come to pass. Knowing what the policy terms identify as qualifying events will make it easier to decide if the plan does offer the level of protection that the customer seeks.
The Range of Support Offered
Take a good look at the terms and see what sort of living arrangements are included. For example, will the policy help with expenses related to in-home care? Does that include having someone to prepare meals, change bedding, and assist the covered party with things like bathing and dressing? Keep in mind that some policies focus on services provided in assisted living facilities and only cover a small amount for in-home care. If this is not what the client has in mind, it pays to look at a different plan.
Seeing a Sample Policy
Many providers are happy to allow the client to see a sample policy before anything is decided. The goal is to get a feel for the general terms and conditions that will apply if the policy is chosen. Take the policy to a professional who is well-versed in laws regarding insurance protection. Doing so will make it easier to determine if the contents of the policy are fair and if discussing specifics like coverage amounts and premiums is worth the effort.
For anyone who is considering the possibility of securing long-term care insurance, Click here to arrange an appointment with an agent. After going over the circumstances of the client and discussing options for coverage, it will not be hard to come up with a plan that provides an adequate amount of protection.
