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Financial Standing
A company's size and ratings are important factors to take into consideration
when making your long-term care insurance choice. While an A+ rating
is no guarantee the company will remain in business or not increase
their premiums, companies with superior ratings are more likely to have
the ability to pay future claims. The rating services you should look
to include:
A.M. Best (908) 439-2200
Standard & Poors (212) 438-2000
Moody's (212) 553-0377
Fitch Financial (800) 753-4824
Weiss Ratings, Inc. (800) 289-9222
A.M. Best rates all long-term care insurance companies.
Most carriers have ratings from one or more of the other services listed.
These ratings will reflect the company's size (amount of assets and
surplus). Ask your agent to provide you with the most recent rating
statistics.
Underwriting Philosophy
Don't be discouraged by a company that carefully evaluates your health.
Long-term care insurance companies that use firm and consistent underwriting
standards should, over the long run, have more stable premiums. This
is because they are careful about the risks they accept and likely to
have more predictable claims results.
Don't be misled by the names attached to a company's
underwriting classes (such as preferred, standard, substandard). You
will not always qualify for a company's "preferred" rate class. What
is important is that the company carefully reviews your health history,
the results of your telephone interview and/or a face-to-face assessment
and then makes an offer of insurance based on those results. "Easy-issue"
offers mean that a company may be issuing insurance to people who already
have serious health conditions and will definitely need long-term care.
Such a practice can in turn lead to higher premiums for everyone who
bought insurance from that company.
Long Term Insurance
| Bluecross Long Term |
California Long Term Insurance
| Kaiser Long Term |
Long Term PPO plans|
Long Term Medical plans | Long
Term Dental Insurance |
Long Term Group
Insurance | Long Term Blueshield
| Long Term Health Insurance
|
Long Term Health
plans | Long Term Health net
| Long Term Pacificare | Long
Term Medical Quote |
Long Term Aetna
PPO plans | Long Term Insurance
Quote | Long Term HMO plans
|
Long Term Life
Insurance | Long Term Dental
plans
|
