This guide will help you save on your Texas long term care insurance coverage!
Long term care insurance is designed to protect you and your loved ones against the hundreds of thousands of dollars of expenses long term care could bring. It’s problematic, then, when paying for the coverage itself becomes a financial burden! Fortunately, there are a few ways you can save on your long term care insurance. Here are some tips.
- Wait for it. Your policy will have a waiting period (also known as an elimination period). This is the time you agree to wait before your coverage kicks in once you need it. By extending this period, you can save.
- Buy it now. The younger and healthier you are when you buy coverage, the more affordable it will be. Start shopping for a policy in your early 50s.
- Shop around. Don’t just buy the first (or even second) policy you see. Instead, have your insurance agent collect a number of quotes from different providers to make sure you choose the most cost-effective policy.
You can use this guide to start saving, but it will take an experienced agent to dig out every discount for you. To get the best possible Texas long term care insurance premiums, contact VGW Walker Insurance.
