Book Helps With Policy Purchases.
* specifically cover Alzheimer's disease but not necessarily personality disorders, nervous conditions and other mental problems;
* not require a prior hospitalization to qualify the insured for benefits; and
* address inflation, either through an inflation rider or--less desirable--an option to buy more coverage on a guar anteed-issue basis at market rate.
Abromovitz advises consumers to consider lengthening the elimination period, the time a policyholder must wait before benefits begin, to make a policy more affordable. Guaranteed-renewable policies cannot be canceled, and rates can rise only if state regulators approve the increase for everyone in the same rate class.
And when shopping for the best deal, always compare prices of identical coverages, especially with regard to elimination periods, daily benefits and benefit durations, he advised.
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|Title Annotation:||Long-Term Care Insurance Made Simple|
|Comment:||Book Helps With Policy Purchases.(Long-Term Care Insurance Made Simple)|
|Article Type:||Brief Article|
|Date:||Jan 1, 2000|
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