Kansas Long Term Care Insurance
Kansas long term care insurance is one of those products that not everyone is familiar with, but the more you hear about it the more sense it makes. When shopping for KS long term care insurance, it is necessary to understand the product exactly and be armed with knowledge of how to find the best policy. Comparison shopping by getting several long term care insurance quotes from KS insurers with an online quote tool, like the one above, is a great way to ensure you get a great policy at a reasonable price.
Understanding Kansas Long Term Care Insurance
Long term care insurance is an insurance product that pays benefits when the policy owner needs long term care to assist with daily living tasks. Though policies differ, such policies pay for home health care, assisted living facilities, skilled nursing homes, therapists and more.
The activities of daily living (ADLs) that are considered include:
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eating
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bathing
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going to the bathroom
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mobility
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continence
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dressing
Some companies require that you must need help with at least 2 of these and others say 3. Long term care insurance also pays benefits to those who are cognitively impaired to a degree that they are a danger to themselves or others, as in the case of Alzheimer’s Disease.
Most people have about a 50% chance of needing long term care insurance at some point in their lives. The older you get the higher the chances. This is particularly true for women who are often the caregiver for husbands who statistically die younger, leaving no one to care for them.
Reasons To Get Kansas Long Term Care Insurance
People buy Kansas long term care insurance for a variety of reasons. The most common are listed below:
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To protect their assets: Long term care is very expensive; starting at $35,000 yearly at least, depending on where you live and it rises each year. This can very quickly eat up any assets a person has set aside to leave to their family.
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To avoid burdening their family with their care: Many people who need long term care receive it from family members, particularly spouses. Having long term care insurance will eliminate or reduce this need.
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To preserve independence and dignity: By taking control over your long term care through insurance, you will be able to afford better care and provide for your own needs.
Tips On Finding The Best Kansas Long Term Care Insurance
There is no standard policy that all Kansas long term care insurance companies must offer. Therefore there is great variation from policy to policy. For this reason, you should carefully compare multiple quotes for several things:
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price
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how benefits eligibility is determined
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flexibility
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tax benefits
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choice you have in your care
It is imperative that you check to see how financially stable the company you are considering is. You can check with one of the independent insurance ratings companies, like A.M. Best, Standard and Poor’s or Moody’s. These companies give insurers a rating based on a variety of factors. Any company you plan to get long term insurance from should at least have an A rating. This will help to ensure that they will be around and able to meet their commitments should you need them in the future.
Kansas Long Term Care Insurance Companies
Before deciding to purchase a Kansas long term care insurance policy from any company, be sure that they are licensed to do business in the state. Below are some of the top long term care insurers that offer policies in Kansas:
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Mutual of Omaha
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Prudential
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New York Life
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Mass Mutual
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Metropolitan Life
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John Hancock
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Genworth
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Allianz
Get A Quote On Kansas Long Term Care Insurance
Now that you are more familiar with what Kansas long term care insurance is, you are ready for a quote. Make sure you carefully compare no less than 3 quotes, although more is better. It is important to understand the offerings of each company before you make that big decision.
You can get your Kansas long term care insurance quote quickly and easily by using the quote tool found at the top of this page. Enter your zip code to start and in no time you’ll have multiple quotes from top insurers to compare and contrast.
Get started comparing KS long term care insurance quotes online now!