10 Best
Long Term Care Insurance
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Long Term Care Insurance
of 2024
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New York Life Long Term Care Insurance Review
ConsumersAdvocate.org
6 Customer Comments & Reviews - see all comments
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New York Life is an insurance company that offers a wide range of services including long term care insurance. An exclusive long term care options provider with AARP, New York Life has several plans that reimburse policyholders' long-term care costs. The care options range from assisted living facilities to nursing home coverage and in-home care.
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6 Customer Comments & Reviews
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It is very hard for me to understand how NYL long term care has been given these high ratings. My Mother who paid her long term care premiums for over twenty years has had a very difficult time receiving payment from NYL. They have used every possible excuse to prolong accepting her claim, initially denied, refused all of the evaluations that they performed, claimed they were not adequate and insisted they be done all over again. They ask for the same information again and again but never have it in their files. We continue to receive the exact same correspondence from then over and over again . We summited copies of her facilities license multiple times but they continue to send... Read More
Started my LTCI policy with NYL in late 1990s, while I was in my 40s. about 8 to 10 years ago, NYL had a massive increase in premiums. Annually they offer a measly 5% increase in coverage at an increased premium of 13%. I need an explanation from this insurance giant.
Robert C in Alabama
Mary Parker, you are incorrect. NY Life has passed 2 rate increases onto their existing policyholders averaging 40% each. The new policy NYL Secure Care AARP brought into the marketplace April 2016 is a an absolute ripoff.
NY Life AARP sells the most expensive long term care insurance policy in the country. It is an exceptionally awful value for women. Buyer beware.
http://longtermcareinsurancepartner.com/blog/new-york-life-long-term-care-insurance-rating-and-review
We have had our policies for a very long time. 100/day benefit with lifetime benefit. I am 80 & my husband is 85. Our premiums are about $1250/year & have not had a premium increase to date. Hopefully we never have to use the benefits - but it is insurance if & when needed. Our neighbors have just been faced with a 50% increase from their provider - $4458 - with a 6 year limit. Does not seem that NYL is most expensive as indicated by another reviewer.
The New York Life Secure Care long term care insurance policy is the most expensive policy by far in the marketplace. The New York Life insurance costs are 2x-3x higher than other policies for the same benefits. Avoid. Run away from the captive NY Life/AARP sales agents.
Top Rated
Our Partner
- Nation’s leader in Long-Term Care insurance since 1976
- As an independent brokerage, they provide unbiased information based on your needs
- GoldenCare has access to the Top LTC companies & discounts available
- They also offer Hybrid Long-Term Care insurance, Short-Term Care & Home Health Care plans