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Why Do I Need to Look at Long Term Care Insurance Now?

The insurance companies have been making pricing and underwriting changes to ensure their financial longevity.  Starting in mid-April, premiums for new policies will increase. Some insurance companies will be pricing based on gender.  This means higher prices for women since they have higher claims 2 to 1 to those of men.  In addition, some companies are reducing spousal discounts in half and the medical underwriting process will be more thorough taking into account not only your health history but also your family health history.  This change may affect some individuals who are currently easily insurable.  So if you want to take advantage of the today’s premiums before they increase, you need to act now.

Your health can change very quickly, once you have a policy in place, your health rating will remain the same.

As new products are introduced, features offered  may vary from what is currently available.

Contact Melissa Barnickel, CPA, CLTC at 410-557-7907 or melissa@baygroupinsurance.com  for education to help you make an informed decision.