10 Best Long Term Care Insurance of 2017

Get the latest reviews on the country's top Long Term Care insurance services. We rate the best Long Term Care services to give you a better look into what each company offers.

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Long term care insurance is a flexible insurance product that helps cover people who need consistent care of an extended period of time. Long-term care can include nursing-home care, home-health, and personal or adult day-care for people over the age of 65, or who have a chronic or disabling condition that needs constant attention.

To qualify for benefits, you must be unable to perform two of these six day-to-day activities—bathing, dressing, moving from bed to chair, using the toilet, eating, and maintaining continence—and a medical pro must expect your disability to last at least 90 days.

Long term care insurance can protect your savings, preserve your independence, and help you maintain a better quality of life. Since long-term care can be very expensive, insurance is the best way to cover these costs without having to turn to liquidating other assets. Though it usually doesn’t cover the full amount, it does reimburse a portion of the cost of a nursing home, assisted living facility, adult day-care, or in-home help.

When comparing long term care insurance plans, it’s best to take each individual’s particular circumstances into account. Apart from specific living arrangements, are additional personalized services necessary as well? These may include therapist, homemaker, and personal care services—the latter of which can help with special assistance bathing or getting dressed.

Before choosing a long term care insurance plan, look at the fine print of the policy, including premiums, deductibles, benefit limits, and coverage specifics. Are post-mortem premium returns offered? What percentage of each service is covered? How do you submit a claim? Is it easy to cancel the policy?

Top 10 Companies

#1
Agent Review
Our Partner
9.9 / 10
  • Connect with the best long term care insurance agents in seconds
  • Searchable database with thousands of agents
  • Long term care plans from all of the top providers
  • Avoid high-pressure sales
  • Great educational resource
#2
LTC Financial Solutions
Our Partner
9.7 / 10
  • A+ BBB Accredited, Excellent Reputation
  • 65 years experience
  • Well Connected Broker with Many Long Term Care Providers
  • Comprehensive & affordable coverage plans
  • Protects your assets with Tax-free benefits
  • Eligibility: Ages 45-79, $100k+ net worth, in good health
  • Very Simple Website. Easy to Use.
#3
ACSIA Partners
Our Partner
9.7 / 10
  • Get expert advice and assistance from licensed specialists
  • Offers long term care insurance service nationwide
  • Represents leading insurance companies
  • Free, no obligation long term care insurance quotes
  • Compare rates from major coverage providers
#4
GoldenCare
Our Partner
9.7 / 10
  • Rated A+ by the BBB
  • Monthly cash benefits for home care provided by spouse
  • Nationwide agents
  • Affiliated with top LTC carriers
  • Select the best LTC insurance
#5
  • Inflation protection
  • Tax qualified plans
  • Solid financial ratings
  • Spouse Security Benefit option
  • Calendar based elimination period
#6
  • Inflation protection
  • Tax qualified plans
  • Solid financial ratings
  • Lifetime Maximum Benefit
  • Low premiums
#7
MassMutual
9.4 / 10
  • Inflation protection
  • Tax qualified plans
  • Solid financial ratings
  • 6 year maximum benefit period
  • Inflation protection
  • Tax qualified plans
  • Solid financial ratings
  • Comprehensive plan options
  • Limited benefit period (3 and 6 years)
#9
Genworth
8.5 / 10
  • Inflation protection
  • Comprehensive list of plans
  • Solid financial ratings
  • 10 year maximum benefit period
#10
TransAmerica
8.3 / 10
  • Inflation protection
  • Tax qualified plans
  • Solid financial ratings
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Best Long Term Care Insurance: Summed Up

RankCompany NameStrengths
1Agent ReviewBest Overall
2LTC Financial SolutionsCustomer Service, Cost
3ACSIA PartnersBenefit Limits, Coverage
4GoldenCareCustomer Service, Cost

How We Compare Long Term Care Insurance

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Benefit Limits - 20%
Coverage - 20%
Customer Service - 20%
Cost - 10%
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Customer Questions & Answers

What is Long Term Care Insurance?

Long Term Care Insurance is intended to cover the cost of long-term care services and support for people of all ages. This could mean daily living assistance within the home (like nurse or health aid visits) or in a facility (like assisted living, nursing homes and adult daycare centers). Long Term Care insurance will reimburse the policyholder based on a daily amount for care, for the predetermined amount of time as outlined in the policy.

When should I get Long Term Care Insurance?

If you are already receiving long-term care or have poor health, you may not qualify for insurance. Therefore, like with other types of insurance, you will want to get it before you need it. Though there are some exceptions. For example, if you are covered by a group policy, a medical screening may not be necessary to receive coverage.

If you begin looking for long term care insurance in your 40s and 50s, you'll likely have a lower premium and the chances are better that you will not be denied coverage due to existing health concerns.

How is the cost of Long Term Care Insurance determined?

Like with other types of insurance, there is an underwriting process that will determine the cost of your long-term care insurance. This is based on a number of factors, including how old you are when you purchase the policy, the amount the policy pays per day, how long the policy will cover, any additional benefits you select, and more.

If you are married, think about getting covered together. Typically, long term care insurance providers offer discounts for couples, up to 40%!

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