Long Term Care Policy-Keep It Or Switch It?
Posted by admin on April 1, 2008 in Finance
There are a few solid reasons for changing your long term care insurance policy. You may desire to move to another company because your policy is outdated or contains too may gatekeepers. However, if your old policy is as good and less expensive than the new one—no need to switch. If, for whatever reason, you do give up your long term care insurance policy to acquire a new one, purchase the new one first and make sure it is in effect before you cancel the old policy. You don’t want to encounter a period (long or short) in which you are not covered by either policy.
