Can’t I Just Buy a Long Term Care Policy When I Need Long-Term Care?

Home/Legal Info, Questions & Answers, Senior Information/Can’t I Just Buy a Long Term Care Policy When I Need Long-Term Care?

The quick, short, easy answer is No.

To make a few comparisons, picture trying to do the following…

  • Calling up to purchase a $2 million life insurance policy because you found out that you were going to die in six months.
  • Telling your agent that your house is on fire and you want to get fire coverage added to your insurance.
  • You’re knee deep in water in your living room and you are trying to call to get flood insurance.

In all three cases, your requests for coverage will be unceremoniously turned down. And so will your appeal for a long term care policy. Pre-need planning is key to insuring that coverage is available when needed.

To learn more information about the different strategies available to help with long term care costs, please contact our office. We have caring and able staff to help you. 

By | 2014-12-04T11:12:42+00:00 November 19th, 2014|Legal Info, Questions & Answers, Senior Information|0 Comments