Determining Your LTC Insurance Needs

There is no single LTC insurance plan or policy that will suit everyone’s needs. Flexible plans are popular for many individuals that wish to keep more options available to them as they age. 

Selecting the best LTC solution for your needs requires some careful thought and planning. There are a number of factors to consider as you review potential policies, such as: 

  • Personal health
  • Income level 
  • Policy premium costs
  • Personal savings and investments
  • Taxes 
  • Support from family members and friends

Decisions To Make When Designing an LTC Insurance Policy

Before choosing a long-term care insurance plan, there are important factors to consider. By taking these factors into account when choosing long-term care insurance, you can find a plan that gives you peace of mind and ensures that you have access to high-quality long-term care services if needed in the future. 

Some important decisions to consider include: 

Benefit Amount 

The benefit amount refers to the out-of-pocket cost that you are willing to pay versus the policyholder. This can be determined on various frequencies, such as daily, weekly, monthly, etc. 

Benefit Period Factor 

The benefit period factor is typically managed on a “benefit pool” model that can be calculated by multiplying the benefit amount by a certain span of time. 

Elimination Period 

This is the amount of time that the policyholder will pay for long-term care out of pocket. Depending on the policy, the period could be defined as a number of calendar days without regard to the actual costs accumulated once the patient has been qualified to receive benefits. 


Inflation may result in necessary coverage changes over time. Look for an LTIC broker than offers multiple options to compensate for inflation as the cost of care also rises. 

Contact AIB For an LTC Insurance Broker 

Looking to sign up for an LTC insurance plan? Our advisors are here to help you through your LTC journey. If you are looking for a long-term care insurance broker, please contact Advisors Insurance Brokers.