You have realized the importance of Long Term Care Insurance.You’ve learned about reputable Long Term Care Insurance Companies and their various Long Term Care Insurance Products. So you’ve done your home-work and now in search of the most affordable Long Term Care Insurance Policy available to you. The following are few factors which will help you decide the Long Term Care Insurance policy you want to buy.

The Period Of Benefit – is the duration of time that the insurance company will pay for your long term care, after you have filed a claim. This benefit period can be between 1 year to 10 years or even a lifetime.

Daily Benefit Amount for Nursing Facility – is the per day maximum amount the insurance company will pay for your long term care in a nursing home or assisted living/residential care facility.

Daily Benefit Amount for Home Care - is the per day maximum amount the insurance company will pay for your long term care in your home. This is usually in terms of a percentage of the nursing facility benefit and can be 50%, 75% or 100%.

The Deductible or Elimination Period – is the duration of time (which can be from first day of coverage to one-year) you must pay out of pocket for your long term care before your long term care insurance begins paying your benefits.

Allows for Inflation – Long Term Care Insurance Policy with inflation protection allows your daily maximum benefit to keep pace with inflation.