If you’re shopping for a long-term care insurance policy, read the policy carefully. Look for tip-offs to the quality of the contract. For example, see what has to be done in order to meet the “waiting period” requirement so benefits will be paid. Here are some things that separate good from the inferior policies:


Good policy: You must satisfy the waiting period only once while the policy is in force. There is no requirement for consecutive days of care and no limited period in which the days of the waiting period must occur.


Inferior policy: Days of long-term care count towards the waiting period only if they are consecutive or if they occur within a certain time period. Thus, you may have to satisfy the waiting period several times in order for benefits to begin.


For a FREE special report on how to buy Long-Term Care insurance at a reasonable price, go to our “Retirement Center” section of our website: http://www.fedweek.com. For more information on long-term care insurance and costs, click on the WAEPA Long-Term Care button on our homepage: http://www.fedweek.com.