Long Term Care Insurance Expert Offers Buying Tips to New York Consumers
Summary
“No one likes to make mistakes but after you’ve signed and paid it is generally too late to do anything about it.” Switching policies after two or three years rarely takes place the executive pointed out because premiums are based on the age when you apply for new coverage for the first time.For additional information on long term care insurance costs or to connect with a specialist member of the Association call (818) 597-3227 or visit the organization’s website.New York, NY, July 30, 2012 --( PR.com )-- It’s easy to make common mistakes when looking into long term care insurance protection.“No one likes to make mistakes but after you’ve signed and paid it is generally too late to do anything about it.” Switching policies after two or three years rarely takes place the executive pointed out because premiums are based on the age when you apply for new coverage for the first time.According to Slome the three mistakes are, failing to compare costs from at least three leading insurance companies, buying from inexperienced insurance agents or financial advisors who do not understand the nuanced differences between policies and buying too much insurance.“Each insurance company sets their own prices and they can vary significantly,” Slome explains.“A knowledgeable agent will spend time explaining your options and will be aware of the cost-effective use of newer policy provisions such as the shared care option whereby two spouses share access to each other’s benefit pool,” Slome explains.The American Association for Long-Term Care Insurance is headquartered in Los Angeles and serves the public by educating Americans about the importance of planning for the risk of needing long term care.For additional information on long term care insurance costs or to connect with a specialist member of the Association call (818) 597-3227 or visit the organization’s website.