 
Health Insurance California >> Long Term Care >> Long Term Care Affordability Affordability for Long-Term Care Insurance Most people should not spend more than 6% of their total annual income on annual insurance premium for a long-term care insurance policy. Estimate your flexible income by subtracting your fixed expenses from your yearly income. Then decide how much of that discretionary income you desire to spend on long-term care insurance policy premiums. Remember that after retirement, income often does not keep speed with the inflation. As you age you are could more likely to have unexpected medical expenses, such as prescription drugs and other medical costs that may not be covered by your medical insurance. The loss of a spouse could also result in reduced income. Select an insurance premium you could comfortably afford.
Take into consideration that your premium might increase during the years
you own the insurance policy. When talking to your agent about long-term
care insurance it is important for you and your agent to understand your
financial status so that he/she can tailor an insurance
plan best suitable to your needs.
For more informations on our services contact insurance brokers John Good | Kelly Good |
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