Long Term Care Insurance Rates Costs
Each long-term care insurance company sets its own rates that can vary by as much as 60-to-90 percent. Each company also offers different discounts and ways you can significantly reduce the cost.
Some insurance agents only represent one insurance company (they are agents of that particular company, such as New York Life or Northwestern Mutual). Insurance brokers typically have access to long-term care insurance offerings from multiple companies. Because rates can vary so significantly, it can be advisable to make sure that your or your agent have compared rates from multiple insurers. That will help you get the best rate (or cost) for the best available coverage. Check the current listing and ratings for leading long-term care insuarance companies. Click here to see ratings for leading long-term care insurance companies Important information in your decision-making process.Get no-obligation and free rates and quotes for long-term care insurance from an Association member. Click here to complete our simple online questionnaire and get the ball rolling.
2009 Long-Term Care Insurance Price Index
Average price for a comprehensive long-term care insurance policy (100% home care benefit + skilled care coverage), 90-Day Elimination Period with Compound Inflation Protection Option (benefit increases 5% compounded annually). The average of rates from selected leading insurers.
Age 55$100 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $ 723-per-year
Individual Qualifies for Preferred Health and Spousal Discounts
Age 55
$100 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $1,060-per-year
Individual is Single; Qualifies for Preferred Health Discount
Age 55
$150 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $1,084-per-year
Individual Qualifies for Preferred Health and Spousal Discounts
Age 55
$150 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $1,590-per-year
Individual is Single; Qualifies for Preferred Health Discount
Age 65
$100 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $1,364-per-year
Individual Qualifies for Spousal Discounts; Standard Health Rate
Age 65
$100 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $2,028-per-year
Individual is Single; Standard Health Rate
Age 65
$150 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $2,047-per-year
Individual Qualifies for Spousal Discounts; Standard Health Rate
Age 65
$150 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $3,042-per-year
Individual is Single; Standard Health Rate
Age 65
$240 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $3,274-per-year
Individual Qualifies for Spousal Discounts; Standard Health Rate
Age 65
$240 Maximum Daily Benefit x 3 Year Benefit Period
Cost: $4,867-per-year
Individual is Single; Standard Health Rate
Check the current listing and ratings for leading long-term care insuarance companies. Click here to see ratings for leading long-term care insurance companies Important information in your decision-making process.
Get no-obligation and free rates and quotes for long-term care insurance from an Association member. Click here to complete our simple online questionnaire and get the ball rolling.
If you are ready to see what coverage costs start by learning simple ways to get the best long term care insurance costs. Take three minutes to read two guides published by the American Association for Long Term Care Insurance. They appeared in issues of Kiplinger's Personal Finance magazine but you can read them online. No sign-in is required.
If you are ready to compare long term care insurance costs click on this link and request no-obligation information from one of the American Association for Long-Term Care Insurance's designated LTCi specialists. There is no obligation for the information and it is (of course) provided free of charge.
