Communication is key to an effective claims process. It begins well before the claim takes place.Make certain that appropriate family members and advisors know that the long term care insurance policy exists. Give them a copy of the policy schedule page or preferably a copy of the entire policy as well as the business card of the agent who sold you the policy or the contact person/benefit department for your employer if a group plan through your employer.
The claims department phone numbers for the major long term care insurance carriers are listed below.
We all have so much going on in our lives on an average day – going to work, putting food on the table, taking care of the children, cleaning the house, etc. What happens when there is a sudden serious illness or life threatening event that happens to a close loved one? Priorities change immediately. The last thing those who need care may want is to be a burden on family members. Unfortunately stress is the top challenge caregivers experience.
Attorney and his wife, both aged 50, in good health, concerned about prospective costs of long-term care in their 80's or 90's. Also concerned that if something were to happen earlier, especially during working years that their disability coverage would not provide enough funds to pay for their lifestyle and for the cost of care. A portion of their premium is deductible.
Single woman, aged 59 has accumulated $200,000 in assets. At age 67 will receive moderate income from Social Security and is still working. Wants to remain at home for as long as possible if care is required. Lives in Ohio, daughter lives in Maryland. Daughter earns significant income but is concerned that if her mother were to require care, she would not be able to take time off from work to provide care. Mother resistant to purchasing adequate coverage because she felt she could not afford the premium.
64 year old couple were concerned that if husband died, his $80,000 per year pension (19 years ago) would no longer provide the income needed in addition to investment income to provide for his wife's lifestyle if she required long term care assistance.
We are open and available to educate and help you plan using insurance to fund your plan. When you work with Baygroup Insurance, we will talk with you on the phone and permit you to view our screen as we go over information in the comfort and safety of your home. Take the first step to learning more about planning for your family. We can help you with long term care, life, disability, health and
As an independent broker of Long-Term Care insurance (LTCi), we represent many top-rated insurance carriers. We can help your clients find the one that best meets their needs and design a policy with features that fit within their budget. Our Principals are experts in LTCi.
