1
It's necessary to verify if an insurance company is licensed to offer long term care insurance. Don't buy from a company until you've verified their legitimacy, reputation and standing. Use institutions like BBB, A.M Best Company, Phelps, Inc., Standard & Poor's Insurance Rating Services, Moody's Investor Services, Inc. and more to find out how favorable their ratings are.
By the very nature of receivers of long term care, it's difficult for them to claim their rights making it more necessary for their insurance company to be such that quickly takes care of its policy holders. And believe it or not, a number of unprincipled companies have been known to be involved in unprofessional conduct because they are sure a claimant is incapacitated.
2
Be certain about when your preferred insurance company sees an insured as entitled to benefits. What are the conditions they say must be evident before a policy holder is considered eligible? Is it when they start needing assistance in daily activities or some form of cognitive impairment?
3
Is there any form of benefits protection component for inflation or the increasing cost of long term care? Make sure they have one and that the terms are acceptable to you. With an inflation adjustment component, for example, you guaranteed that the benefits you would be given years later will reflect the cost of long term care at that point in time.
4
Get and compare quotes. Make out some time to visit around three quotes sites. That way, you'll get the lowest quotes available because three sites will give not less than 15 quotes altogether.