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However there are certain features that really guarantee that your best interests are protected.
I'll touch just three that you shouldn't be without if you want to get the best out of your long term care insurance policy.
1) Is there any feature that ensures your benefits are protected against inflation or possible increase in the cost of long term care.
Make sure they have one and that the terms are acceptable to you.
An example of such a feature is an inflation adjustment feature which guarantees that the benefits a policy holder gets years later reflect the cost of long term care at the time.
2) Make sure your insurer offers guaranteed renewal with the purchase of the policy.
People sometimes grow so old or have mental deterioration that make insurers refuse to renew their policy.
With a this feature no insurer can do that to you.
3) Make sure it has a non-forfeiture benefit.
This guarantees you get paid a reasonable part of your benefit if you let your policy lapse unintentionally or decide to cancel the policy.
You will save much money on long term care insurance if you get and compare quotes from insurance quotes sites.
Each site will take you about 5 minutes or less to request quotes.
Ensure that you provide the same (correct) details at every site visited.
Thereafter, simply choose the offer that gives you the best price/value from the quotes you receive.
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