Shopping Tips

Long-term care insurance does not have to be as expensive as you may have thought. There are many options that can be customized to meet your needs and budget. It's a good idea to compare policies from several companies, but this process can be confusing. Covered services can vary among insurers.

Considerations in researching long-term care insurance policies:

  • Is it a tax qualified policy?
  • What is the appropriate daily or monthly benefit?
  • How long will the benefits last?
  • Is there built-in inflation protection?
  • What is the Elimination Period (similar to a waiting period or a deductible)?
  • Is 100% of the benefit available for home care?
  • Are there any riders that might be appropriate?
  • Is the policy guaranteed to be renewable?
  • What conditions must be met to collect benefits?
  • What types of facilities are covered?
  • Will the policy pay for custodial, or personal, home care or hospice care?
  • What happens if your policy lapses after you've paid premiums for many years?
  • Will the policy pay expenses outside of your local area?


I’m Meredith Pensack and since 2003 I’ve helped well over a thousand people protect their retirement portfolio as well as their families. I specialize in LTC insurance solutions, including hybrid options that combine either life insurance or an annuity. This is my passion and I look forward to helping you, too.