Assessing Long-Term Care Insurance Companies

Posted by Scott A. Olson on September 29, 2011 in LTCi Basics

The president of Homewatch Caregivers recently interviewed Jesse Slome and me about “Ways to Assess Long-Term Care Insurance Companies”.  The article has some great tips.

One of the most important things to consider when choosing a long-term care insurance company is the financial ratings.

Secondly, you don’t want to overpay for LTC insurance.  There are some LTCi policies that can cost as much as 75% MORE than other policies with similar benefits.

You want to shop around and “get the best deal” on long-term care insurance.  But, you don’t want to sacrifice financial ratings.

I try to help each of my clients find the happy median:  a strong insurance company that offers quality coverage at a reasonable price.

Don’t take my word for it (or any insurance agent’s word for it) that an insurance company is financially strong.  Check out the financial ratings for yourself.  Each comparison that I do for each client includes links to each company’s financial ratings.

To receive your personalized comparison for LTC insurance policies, go to my secure webpage and answer a few important policy design and health questions.

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About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.