long term care ins

[Teal]

anyone have experience with long term care prem going up after accepting a policy?
Im looking at this ins and fear that rising premiums will be a problem down the road.

 

[Woolie]

I have long term care ins and the price is locked in at the age of purchase. That is the reason for getting it at a young age, lock in that price. Mine is not suppose to go up, I have had it about 15 years and the price hasn't changed. My sister has a policy with Farm Bureau or maybe State Farm and the price stays the same on it also. Don't know about your state but I would ask the agent a lot of questions.

 

[07BlueCSC]

The rate would go up if the benefits increase. Larger pay out per day or inflation protection.

 

[kkaykk]

Some older policies were sold as fixed rate. Insurance companies now (for the most part) offer policies that increase the premiums as the benefit goes up.