In 1990, around 100 insurance companies sold long-term care insurance. Today some of the largest and most respected insurance companies still sell long-term care insurance. If a company stops selling long-term care insurance it will still pay your claim in the future because companies are legally obligated to pay all claims. If a long-term care insurance company goes bankrupt it still can’t deny your claim. Every state has a guaranty association to make sure that claims are paid. The only people who should have long-term care insurance are those who have income levels that is over the limit to qualify for Medicaid. According to your health history, an independent long-term care insurance specialist can help you find the best Long-Term Care Partnership policy.
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An Insurance Agent’s Case for Buying Long-Term Care Insurance