Sample Premiums
We have attempted to give a random pricing sample from the top A-rated LTC insurance companies to show how premiums vary from one age to the next for the same benefits. The benefit package we selected is one of many different options you can choose from for each age range. Since we had to start somewhere, we gave pricing for a robust policy that would pay $4,000/month for all levels of care.
Caution!
Do not simply compare these prices to any quote given to you. it is important to understand:
- These are ranges and you MUST be comparing apples-to-apples to do a true comparison.
- We will gladly help you get customized comparisons
- We promise our clients impartiality when looking at multiple vendors.
- These premiums can be reduced or increased by changing ANY of the variables below.
Do not be fooled by low-end quotes and stripped-down (reduced benefit) policies designed to trick you into buying the cheapest product available. In this business especially, you get what you pay for, and it is invaluable to consult with a knowledgeable, impartial advisor!
The Benefit packages for the following premiums include:
- Comprehensive coverage (facility and home-care)
- $4,000 per month for ALL care (nursing home, assisted living and home-care)
- 100% benefit for home-care or assisted living facilities (NOT reduced)
- Pays home-care expense to a MONTHLY maximum instead of a DAILY maximum payout
- 5% Automatic compounded inflation protection
- 5% Simple inflation protection for age 65 quote
- 90-day facility elimination period with a ZERO-DAY wait on the home-care component
SINGLE APPLICANT*:
| Benefit Period: | 3 years | Unlimited | |
| Age 40 | from | $1,200 | $1,800 |
| to | $1,500 | $2,500 | |
| Age 50 | from | $1,500 | $2,500 |
| to | $1,800 | $2,800 | |
| Age 60 | from | $1,800 | $2,800 |
| to | $2,500 | $3,300 | |
| Age 65 | from | $2,200 | $2,800 |
| to | $2,800 | $3,600 | |
DUAL/SPOUSAL APPLICANTS*:
| Benefit Period: | 3 years | Unlimited | |
| Age 40 | from | $1,600 | $2,800 |
| to | $1,900 | $3,400 | |
| Age 50 | from | $2,300 | $3,100 |
| to | $2,700 | $3,600 | |
| Age 60 | from | $2,400 | $3,200 |
| to | $3,400 | $4,600 | |
| Age 65 | from | $2,400 | $3,200 |
| to | $3,600 | $5,600 |
Applying as a couple is advantageous to achieve a significant reduction in the premium for each individual.
- *Premium averages are as of January 2006. Policies are re-priced frequently and will vary from what is shown. This is only offered as a general guide. Your premiums may be significantly lower or higher than these based on your individual health, age, and benefit selection.
