Every Situation is Different – But Call With Questions and We Can Provide Answers
(Nearly) Every. Single. Person.
That is how many individuals over the age of 55 are recommended to have long term care insurance. Given the costs of long term care and advancements in life saving and life extending medical care, a significant number of people are going to require high end long term care needs (like nursing homes or in-home nursing) and will not be able to afford it without exhausting their assets unless they have LTC insurance.
Yet a very small percent of this population actually has this type of insurance.
As with most things, the reason for this is typically premiums. It’s hard to imagine taking on another monthly or annual expense. That is why so many people seek out long term care insurance discounts to help them save money on premiums and – ideally – reduce the financial burden.
At Long Term Care Resources Pacific Agency (LTCR Pacific), we have partnerships and programs with over 600 universities and affinity groups that allow us to offer discounts on LTC insurance to those that qualify. As with all insurance, we have to first look at and understand your situation to be able to provide you with an estimate, but these partnerships mean that we can often offer insurance premiums at a lower rate than you’re expecting.
Yet these are also not the only types of discounts available, and – in some situations – these discounts on LTC insurance can be combined. Other discounts that may be available include:
- Spousal Discount – If you and your spouse both have a combined policy, you may qualify for a discount.
- Good Health/Age Discount – The sooner you get your policy, the better, as the price can increase as you get older or if you have any health issues.
- Multi-Policy Discount – Although it may not always be possible, there are situations in which a combined policy can provide a discount, especially if combined with life insurance.
LTC insurance that has been obtained from a group policy may also be less expensive, so corporations that would like to offer this type of insurance can reach out for a quote and more information.
It IS Possible to Save Money – But it Starts with a Conversation
Yes, it is possible to get a discount on long term care insurance. But before you can get one, you first need to reach out to an insurance specialist to see what is available and help you obtain the best possible quote. Reach out today to LTCR Pacific and let’s get started.