Savvy Senior: ; How to Save On Long-Term Care Insurance
Charleston Gazette › January 04, 2011
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Summary
Dear Savvy Senior, my wife and I have been thinking about purchasing a long-term care insurance policy, but have found the monthly premiums to be very expensive. How can we find affordable coverage? - Planning Ahead
Dear Planning, the biggest factor that keeps millions of Americans from purchasing long-term care (LTC) insurance is the high price tag. Depending on your age, you and your wife could be looking at $7,000 a year (if not more) to purchase a comprehensive policy that covers nursing home care, assisted living and in-home care. Fortunately, there are ways to save and still get adequate coverage. Here are several cost-cutting tips you should know.See the full content of this document
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Savvy Senior: ; How to Save On Long-Term Care Insurance
Buy young
One of the most basic ways a person can lower their LTC insurance premiums is by purchasing a policy at a younger age. For example, a policy that costs a 55-year-old $2,0...See the full content of this document
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