Top 5 Long Term Care Insurance providers


A versatile insurance which covers long term care for a prolonged period of time at later stages of life is what Long term Insurance is all about. The insurance covers home health care or nursing home care etc. on benefit basis as per the policy provider. It helps in securing your assets while providing a comfortable lifestyle at later stages. When one opts for a long term care insurance, the tiresome search to get best policy begins. It is very essential to look into the inclusions of the policy such as premiums, deductibles, benefit, maximum limit, monthly benefit etc. One can also look into advisors in that case to get the best out of available policies. One such planner is MAGA LTD which provides helping hand for the best long term insurance quotes and for information please visit https://www.magaltc.com/long-term-care-insurance-quotes/

Here I shall jot down 5 such Long term care Insurance companies which are leading in the policy market:

1.  Mutual of Omaha:
One of the top list long term care insurance companies with varied plans to meet the need and budget of all. Has high ratings from AM Best, Standard and Poors and Moody’s.
Traits:
     Inflation protection
     Calendar based elimination periods
     Its 3 year maximum benefit, period for 60 year olds is $100 daily
     Non tax qualified policies
     Waiting period is upto 1 year
     8 year maximum benefit period
     100 percent coverage to home care
There above traits and few differentiators as mentioned make it a lead runner as far the consideration of long term care insurance is concerned.

2.  Genworth Financial:
Also one of the leading insurance company and also is highly acclaimed by AM Best as the top long term care insurance provider of the country.
Traits:
     High financial ratings
     Inflation protection
     3 year maximum benefit period plans for 60 year olds are around $1000 with $ 100 daily.
     Has both tax qualified and non-tax qualified policies
     All-inclusive range of plans
     10 year maximum benefit
     It also provides 100% home care
Despite  Genworth Financial won't be any cheaper as compared to other providers yet will definitely excel in providing as promised

3.  Mass Mutual Financial Group:
Mass Mutual Financial Group is one of the largest long term care insurance providers. They are ranked with high financial ratings by AM Best, Moody’s and S&P.
Traits:
     Inflation protection
     Premium is 40% higher than low priced plan.
     3 year maximum benefit periods, for 60 year old enrollees and $100 daily benefits
     Comes with both tax and non-tax qualified policies
     30-180 days of waiting period
     6 year maximum benefit period
     100 percent coverage to home care
     Waiver of Home Care Elimination Period
     Paid Up Spousal Survivorship option.
In short it provider the policy holder with stable long term care

4.  Transamerica Long term care:
Also no where behind in the run for top long term care insurance providers with its flexible, affordable array of plans. Ranked positive top rating by AM best.
Traits:
     Provides premium which is 20% more than low priced plans
     Inflation protection
     3 year maximum benefit periods, for 60 year old enrollees and $100 daily benefits
     Comes with both tax and non-tax qualified policies
     0-6 months of waiting period
     6 year maximum benefit period
     100 percent coverage to home care
If looking for a futuristic and cost effective plans, then this is your stop of long term care insurance provider.

5.  John Hancock:
John Hancock, another leading in sales long term care insurance provider which has made its place on top 5 providers.
Traits:
     Inflation protection
     3 year maximum benefit periods, for 60 year old enrollees and $100 daily benefits
     Comes with both tax and non-tax qualified policies
     0-6 months of waiting period
     6 year maximum benefit period
     100 percent coverage to home care

REQUEST YOUR LONG TERM CARE INSURANCE QUOTES  AND GET YOUR ASSISTANCE,

Comments

Popular posts from this blog

What's Long-Term Care Insurance?

long term care insurance

What is long-term care insurance?