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Why Switching Policies After a Long Term Care Insurance Rate Increase Isn’t a Smart Choice

By |January 15, 2014|Categories: Advice, Buying Tips, Insurance Industry, Psychology, Retirement Planning|Tags: , , |

If you are among the adult Americans who own a long term care policy, then chances are you have received notice of a long term care insurance rate increase sometime in the past few years. Like many others, you might be wondering if it’s even worth it to keep your same policy or if you should switch to a new carrier. A recent experience with a client provided a great example of just why you should stop and do your research before dropping your long term care insurance policy.

Comparing the Costs

Stephen and his wife live in New Jersey and after[…]

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