Nevada Long Term Care Insurance

Nevada long term care insurance is an important financial product to invest in to completely round out your financial portfolio and protect your assets from being eaten up with unforeseen long term care expenses. Choose your Nevada long term care insurance policy wisely, after having taken time to research the options out there. Remember to carefully compare the policies offered by long term care insurance companies in NV, before you purchase, because there is not a standard policy that everyone must offer.

Reasons You Need Nevada Long Term Care Insurance

Nevada long term care insurance is a relatively new insurance product. It’s only been in existence for about 30 years. Therefore, common knowledge of it is not extensive. Because of this you may need to do more research than you normally would before buying an insurance policy. Some of the reasons you may want to invest in long term care insurance are as follows:

1. To preserve your dignity and independence in case you need long term care.
2. To keep your financial assets from being used up to pay for care.
3. To avoid burdening your family and loved ones with your care.
4. To avoid burdening your family and loved ones with the cost of your care.
5. To avoid using the Medicaid system.

Things Not Covered By Nevada Long Term Care Insurance

Nevada long term care insurance is not all-inclusive. There are certain things that are not covered by these types of policies, however they are mostly common-sense things. Be sure that you are familiar with what they include. The following things are not covered by long term care insurance:

1. Self inflicted injuries that are intentional, including suicide attempts.
2. Mental health problems, even though Alzheimer’s and dementia are covered.
3. Pre-existing conditions, specifically anything that you’ve received care for within a certain amount of time prior to purchasing the plan.
4. Treatment for drug addiction or alcoholism.
5. Any health issues resulting from war.
6. Any treatment that is eligible to be paid by Medicare or other government plans.
7. Care provided by members of your family.

Nevada Long Term Care Insurance Companies

There are a variety of Nevada long term care insurance companies that offer such policies. Amongst the top providers in the state are:

1. Genworth
2. Allianz
3. Prudential
4. Mutual of Omaha
5. New York Life
6. Mass Mutual
7. Metropolitan Life
8. John Hancock
9. State Farm
10. AIG/American General

Before you decide to purchase long term care insurance from a specific company, remember that you will be paying premiums for a long time, in all likelihood. You want to choose a company that is financially stable and will still be around when and if you need those benefits you are paying for.

Check out any insurer you are considering by getting their financial stability rating from one of the independent insurance ratings companies. These include A.M. Best, Standard and Poor’s, and Moody’s. The insurer should at least have a rating of “A” or better.

You also want to check on the company’s customer service record by doing an online search. This will tell you how fast they pay claims and if they do well in regards to customer service or not.

Tips For Wise Decision-Making About Nevada Long Term Care Insurance

When you are shopping for Nevada long term care insurance, there are several things to keep in mind to help you make the wisest decision.

1. Get a policy as early as you can afford it.
2. Take out a policy with your spouse.
3. Be conservative in the length of the policy, unless long term illnesses like Alzheimer’s run in your family.
4. Shop around and compare no less than 3 quotes.
5. Investigate the stability and service offered by any company you plan to use.
6. Get only one policy.
7. Learn how the company determines benefits eligibility. It may not fit your beliefs of when you would need long term care.

Nevada Long Term Care Insurance: Get A Quote Now!

Get your Nevada long term care insurance quote now by returning to the quote tool at the top of this page. You simply answer a few easy questions and you will have a variety of quotes on policies that you can easily compare to help you make the best choice for your Nevada long term care insurance.