Age and health affect your long term care insurance rate

When you’re seeking the best long term care insurance rate, purchasing your policy sooner rather than later can help you secure a better rate for your premium. Your long term care insurance rate is determined by several factors, but your age and health at the time of your application are two of the principal considerations. That means the younger you are when you apply and the healthier you are, the lower your long term care insurance rate is likely to be.

While most people think of long term care and long term care insurance as something to think about later in life, those who plan ahead and address their insurance needs now will enjoy a better long term care insurance rate. They’ll also have the security of knowing that should they need long term care before retirement (and more than 40 percent of long term care is received by people under age 65*), they’ll have the means to help pay for it and the control and independence to choose where and when to receive long term care. When many families across the country want help to find the right long term care insurance rate for their budget and financial plan, they turn to John Hancock.

Learn more about a long term care insurance rate from John Hancock now

Find the right long term care insurance rate for you with John Hancock

With more than one million long term care insurance policyholders, John Hancock is a leading long term care insurance company. John Hancock insurance products cover all types of care from long term care providers, including custodial care to assist with daily tasks like eating, bathing, dressing and moving about, and various therapies such as occupational, respiratory, speech and physical therapy. John Hancock long term care insurance also covers care received in a variety of settings from the home, community locations, nursing homes and assisted living facilities. Working with a John Hancock professional, you can find the insurance rate and a long term care insurance premium that works with your budget and your financial plan.

Factors affecting the rate of your insurance policy for long term care

Your insurance rate is dependent upon the amount of coverage you need. Several factors influence how much insurance you may want to purchase:

• Your age and health.
• Where you will receive care. The cost of long term care varies from state to state. Knowing where you may retire or where you are likely to receive long term care affects the amount of coverage you need.
• Length of care. While people need long term care an average of three years, your health history or family health history may lead to want more or less coverage.

Learn more now about a long term care insurance rate as well as long term care insurance premiums for group long term care

*Georgetown University Long-Term Care Financing Project, “Long-Term Care Financing Policy Options for the Future,” June 2007.