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| Name | Description |
| General Policy Terms | How satisfied are you with the basic coverage offered by this policy? |
| Cancellation by Insurer | Although prohibited in some states, does this plan have a provision allowing the insurer to cancel your policy upon written notice to you? |
| Cancellation for Non-Payment | If the insurer cancels your policy due to non-payment, is there an acceptable timeframe for receiving the written notice and for appealing the cancellation? |
| Coverage Duration | How does the timeframe this coverage is in force and any disqualifying events fit your needs? |
| Coverage Maximums | Does the amount of available insurance meet your current and future needs? |
| Coverage vs. Cost | Comparing the coverage this policy offers, is it offered at a competitive price? |
| Meets Your Need | Evaluate the degree to which this insurance policy meets your overall financial, health, life and liability needs both now and in the future. If you are not sure, ask a professional. |
| Policy Renewal | Is the plan or policy guaranteed to renew regardless of your current or future health status? |
| Insurance Agent | How would you rate your insurance agent's overall helpfulness and knowledge? |
| Agent Helpfulness | How would you rate the agent's understanding of your situation and ability to provide solutions from which to choose? |
| Agent Knowledge | Is the agent knowledgeable and able to answer all your questions? |
| Agent Relationship to Insured | Evaluate your reason for considering this policy; is it for emotional reasons, do you feel obligated due to a friendship or does the policy really compliment your financial goals? |
| Agent Status | Does the agent represent one company or many companies? With limited access to other insurers, premiums could be higher. |
| Insurance Provider | How would you rate the overall interest, information and support the insurance provider has given you? |
| Affiliations | Does the insurer have affiliations with other business concerns (e.g. business partnerships and working relationships) that might translate to reduced premiums? |
| Claims Processing | How easy is this insurer's overall claims process? |
| Company Rating | How is the insurer rated by the standard rating services? |
| Recommendations | How would you rate the experience of others attempting to collect benefits from this insurer? |
| Cost | How do you rate the overall cost of this insurance coverage? |
| Cost Management | Evaluate the options available to you to reduce your overall cost of coverage. |
| Association Discount(s) | Evaluate any discounts given to policyholders for belonging to associations. (e.g. AARP, Alumni Association, Professional Associations) |
| Preferred Discount | Does this policy have a preferred discount option? |
| Spousal Discount | Does this policy provide for a spousal discount if you and your spouse are insured with the same carrier? |
| Premiums | Rate your overall cost of insurance. |
| Affordability | Evaluate your ability to afford premiums based on current income. |
| Payment Frequency | Does the insurer provide payment intervals which meet your needs (monthly, quarterly, semi-annual, etc.)? |
| Payment Options | Does the insurer provide various payment options (EFT, check, credit card, etc)? |
| Payment Source | Have you evaluated the best way to pay for this coverage, whether it be cash from your income or cash from income producing investments? |
| Premium Amount | Rate the premiums being charged for this policy or plan. For higher limits and health risks, you would expect to pay a higher price. |
| Coverages | Evaluate the coverage afforded you by the Long Term Care insurance policy or plan you are considering. |
| Benefits | Evaluate the overall benefits of this policy and determine its applicability to your specific needs. |
| Bed Reservation Benefit | Does the policy include a Bed Reservation benefit. |
| Benefit Period | How does the benefit period meet your needs and goals? |
| Care Coordination Advisor | Does the policy have a no-pay option for a Care Coordination Advisor? |
| Caregiver Training Benefit | Does the policy have a caregiver training benefit? |
| Comprehensive Monthly Indemnity Benefit | Evaluate the level of comprehensive monthly indemnity benefits offered by this policy. (e.g. range is typically $0 - $1,000) |
| Recovery Benefit | Evaluate the Recovery Benefit provided by this policy. |
| Respite Care Expenses | Does the number of fully paid days of care meet your needs (e.g. 15, 30, 45, etc)? |
| Care Types | Evaluate the types of care you need and the availability of this care in your policy or plan. |
| Adult Day Care | Evaluate the level of Adult Day Care provided by this policy. |
| Alternative Plan of Care | Does this policy have an Alternative Plan of Care benefit? |
| Continuing Care | Evaluate the level of Continuing Care provided by the policy. |
| Custodial Care | Evaluate the level of Custodial Care provided by this policy. |
| Home Health Care | Evaluate the extent of home health care provided by this policy. |
| Home Daily Payments | How well do the DAILY payment maximums for home health care meet your needs? |
| Nursing Care | Evaluate the need and availability of nursing care in your policy or plan. |
| Nursing Daily Payments | How well do the DAILY payment maximums for nursing home care meet your needs? |
| Home Care | Evaluate the level of paid, round -the-clock, Nursing Home Care. |
| Intermediate Care | Evaluate the level of Intermediate Nursing Care provided by this policy. |
| Respite Care | Evaluate the level of Respite Care provided by this policy. |
| Service Types Offered | Evaluate the inclusion of the various service types in the plan you are considering. |
| Curing | Evaluate the range of curing services provided for in the policy. |
| Diagnostic | Evaluate the range of diagnostic services provided for in the policy. |
| Maintenance/Personal Care | Evaluate the range of maintenance and personal care services provided for in the policy. |
| Mitigating | Evaluate the range of health mitigating services provided for in the policy. |
| Preventive | Evaluate the range of preventative services provided for in the policy. |
| Rehabilitative | Evaluate the range of rehabilitative services provided for in the policy. |
| Therapeutic | Evaluate the range of therapeutic services provided for in the policy. |
| Treating | Evaluate the range of treatment related services provided for in the policy. |
| Policy Features | Evaluate any limits placed on you due to policy definitions, eligibility or limitations. |
| Policy Considerations | Evaluate policy provisions to determine their impact on your out of pocket costs, coverage limits, or other policy terms. |
| Policy Eligibility | Do you fit the eligibility requirements for this policy? |
| Activities of Daily Living | What is the minimum number of Activities of Daily Living (ADL) necessary before benefits are triggered? |
| Basic Eligibility | Given your known risk factors and your current or anticipated health situation, how do the policy eligibility requirements fit you? |
| Age Criteria | Are you within the required age range for this insurance policy? |
| Asset Minimums | Do the assets you are protecting with this long-term care policy meet the minimum plan requirements? (If not, there might be more appropriate asset preservation options.) |
| Health History | Does your health history affect your ability to acquire this protection? |
| Income Minimums | Evaluate your income relative to your expected premium payment. Insurers will only issue policies to those who can afford the premiums. |
| Mental Conditions | If you have a prior or existing mental condition, are this policy's qualification criteria appropriate for your situation? |
| Occupational Risk | To what extent does your current occupation disqualify you for insurance or raise the premiums beyond affordable limits? |
| Pre-existing Conditions | How well are pre-existing conditions covered by the plan? |
| Adult Conditions | To what extent are adult related pre-existing conditions covered by the plan? |
| Child Conditions | To what extent are children's pre-existing conditions covered by the policy or plan? |
| Waiting Period | How reasonable are any waiting periods for your pre-existing conditions? |
| Recreational Risk | To what extent do your recreational activities affect your ability to obtain coverage with this provider? |
| Chronically Ill Diagnosis | What is the minimum number of chronically ill diagnoses before benefits are to be paid? |
| Cognitive - Self Protection | To what degree do you have to be cognitive for your own self-protection? |
| Grace Period | Does the length of the grace period meet your needs? |
| Inclusion/Cognitive Disorders | Does the policy address existing conditions for Alzheimer's disease, senile dementia and Parkinson's disease? |
| Probationary Period | Does this policy have enough probationary period options to meet your needs? |
| Tax Liability | Would the maximum payout amount of this policy cause you to incur possible tax liability for exceeding IRS maximums? |
This site is intended as an informational tool only and should be used in consultation with appropriate professional advisors.
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