TRADITIONAL LONG-TERM CARE INSURANCE PLANS
Traditional Long-Term Care Insurance Defined
Traditional Long-Term Care Insurance Plans allow individuals to pay predictable premium payments to an insurance company for the promise that the insurance company will provide them with the financial support promised in the contract in the event they have a long term care services need.
Long-term care insurance benefits are typically paid to a policy owner when they are unable to do 2 out of the 6 Activities of Daily Living:
Traditional Long-Term Care policies have several features and options to consider. These are:
Benefits of a Traditional Long-Term Care Insurance Policy
Disadvantages of Traditional Long-term Care Insurance