Health Considerations For Determining Long Term Care Insurance Qualifications

Getting a long term care insurance policy, if you are in good health, shouldn’t be that difficult. Each long term insurance carrier has their guidelines to follow, which you’ll learn more about as you try to qualify for long term care insurance. In general, each carrier has pretty similar requirements in their insurance policy approval process. In many cases, it does boil down to whether you are in good health or not. Certainly, the better health, the cheaper your premiums will be.

Procrastination Could Cost You A Lot Of Money
Unfortunately, when you may need the benefits of a long term insurance policy may be the time that you might decide to get a policy. If you wait until you are ill, you may find yourself stuck without being able to get approved for a policy. Severe illnesses are almost a certainty for being declined, while other chronic conditions may limit your eligibility as well.

Serious Illnesses And Disease Could Disqualify You
Certain cancers, muscular dystrophy, memory loss – dementia – or Alzheimer’s Disease, multiple sclerosis – MS, Lou Gehrig’s Disease, or AIDS to mention a few are serious enough conditions that if you try to get a long term care insurance policy after you have been diagnosed with these health conditions it is likely that your application will be declined. If you are over 50 and have a thought that you may need this type of policy to cover your living expenses, it is best to check into a policy sooner than later.

Long Term Chronic Conditions Require Careful Consideration
Rheumatoid Arthritis and other types of arthritis, Lupus – Oesteoporosis and other autoimmune problems in certain cases, more serious cases of Type 1 Diabetes, may all be grounds for an application for long term care insurance to be declined. Another situation that bears consideration is when several health conditions exist at the same time.
In any of these health scenarios from above, it is best to get several opinions from several experienced long term care insurance agents. What you don’t want to do is sign up for a policy only to have it turned down later. If you know you have some health issues that fall into these categories, it is very important that you take swift and thorough action to make sure that you if you have a window to qualify, that you take it quickly while ensuring that you get the best possible policy possible.