Your source for the latest health, disability and Insurance news and tips

Many insurance companies offering new long term care options

It does not matter if you are one of our California readers or live in another part of the country, there is a good chance that you are interested in purchasing long term care insurance.

For some, this is a simple purchase as they have the money to get the coverage they need. Others, however, find that they are faced with a challenge for one reason or the next. From being on a tight budget to having health concerns that lead to a higher premium, they have to deal with a variety of questions along the way.

Long term care insurance has received a bad reputation over the years, thanks in large part to the fact that premiums continue to increase. Many insurance companies have admitted to making mistakes in the past, such as pricing policies too low to begin with. As a result, consumers who purchased in the past are often faced with a premium increase of as much as 90 percent.

Fortunately, there are new products being offered by insurance companies to ensure that a larger group of people are able to afford coverage. Not only do these products ensure more price stability, but they provide a return on the money invested in the policy.

The two newest additions to the industry include single premium combo long term care insurance and annual funding long term care insurance. While not offered by all companies, many are beginning to sell both types.

With consumers becoming increasingly concerned about the cost of long term care insurance, new products will continue to grow in popularity.

Source:  The Huffington Post, “Two New Ways to Buy Long Term Care Insurance” Terry Savage, Mar. 25, 2014

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content