How much does long term care insurance costs? Is it the best option to pay for long term care? Are there ways to save on insurance premiums? These are just some of the questions that people ask nowadays before they purchase ltci.
Most who consider long term care insurance policies typically ask these questions. Typically, LTCi costs can be anywhere from $1,000 to $7,000 a year. However, long term care insurance rates vary a lot from one policy to another, since each product was uniquely tailored for the needs and wishes of its owner.
Though this annual premium can be tough to afford for the average family, it is much more affordable compared to trying to pay for the costs of care out of pocket.
It may seem to be a bit steep but paying premiums in exchange for long term care coverage is whithout a doubt a more financially secured choice that you should take.