Long Term Care Insurance
This week I had a visit from an insurance agent selling long term care insurance. When she first called, I specifically asked her if I could insure a family member living in a different state. I was told no problem.
Now this company only deals with long term care insurance not health insurance or life insurance. They are specialists who know who they can insure and who they will lose money on.
If you have a heart condition, no problem on getting the insurance because most heart conditions lead to death in a very short time. On the other hand, if you have diabetes they will not insure you (based on what type of treatment you are currently under) because your disease can take years to kill you with multiple amputations in the process.
The cost for us to insure my mother-in-law (who currently has leukemia) would be only $118 a month for $100-a-day care. That is not bad.
Why did we not buy the insurance? We would have to lie on the application stating that his mother was currently staying with us and forge her name and call her and tell her to lie when the insurance company called to confirm. This information was accompanied with broad winks from the agent. Yes you can insure someone living in another state, but first they have to be staying with you and then move.
Read the rest of this article at Long_Term_Care_Insurance
Because I have an admitted dislike of insurance of any kind, I have set up a page on my web site that insurance agents may use to contact me. This is not to sell me insurance, but to give a rebuttal on my remarks. I will publish this information so that you may see both sides of the story. Insurance
If you, my readers, have had a good or bad experience with an insurance company, please go to comments and tell us what company and what they did.
Thanks
Sharon
(c) Answers For Your Health
Now this company only deals with long term care insurance not health insurance or life insurance. They are specialists who know who they can insure and who they will lose money on.
If you have a heart condition, no problem on getting the insurance because most heart conditions lead to death in a very short time. On the other hand, if you have diabetes they will not insure you (based on what type of treatment you are currently under) because your disease can take years to kill you with multiple amputations in the process.
The cost for us to insure my mother-in-law (who currently has leukemia) would be only $118 a month for $100-a-day care. That is not bad.
Why did we not buy the insurance? We would have to lie on the application stating that his mother was currently staying with us and forge her name and call her and tell her to lie when the insurance company called to confirm. This information was accompanied with broad winks from the agent. Yes you can insure someone living in another state, but first they have to be staying with you and then move.
Read the rest of this article at Long_Term_Care_Insurance
Because I have an admitted dislike of insurance of any kind, I have set up a page on my web site that insurance agents may use to contact me. This is not to sell me insurance, but to give a rebuttal on my remarks. I will publish this information so that you may see both sides of the story. Insurance
If you, my readers, have had a good or bad experience with an insurance company, please go to comments and tell us what company and what they did.
Thanks
Sharon
(c) Answers For Your Health
Labels: Insurance, long term care insurance
posted by sharono at 9:33 AM
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1 Comments:
Hi, Sharono.
There are some long term care policies that will allow someone from another state (e.g. your mother) to be covered under your policy. You would not need to lie about her true state of residence. The agent selling the policy would only need to be licensed in your state.
But, the simplest solution to your problem would be to work with an agent who is licensed in your state AND your mother's state. That agent could sell a policy for you and a policy for your mother. Depending upon the company, you might even be able to get a discount on each policy for buying more than one policy.
Lastly, anyone who is currently diagnosed with leukemia would not be able to qualify for a long term care insurance policy. In fact, anyone who is currently being treated for any type of cancer would not be able to qualify for a long term care insurance policy until the treatments were finished and the person was cancer-free. Depending upon the type of cancer, the cancer survivor would have to be cancer-free for at least 3 months (i.e. in the case of prostate cancer) or as long as 24 months or more.
Scott A. Olson, CLTC
www.LTCInsuranceShopper.com
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