Long Term Care Insurance Underwriting

Qualifying for Long-term Care Insurance is quite different from other life and health insurance underwriting. And like all insurance - you have to buy it before you need it. If you have a lot of medical issues...well, have you ever known anyone who could buy house insurance when their house was on fire?

A few of the unique factors that the underwriters consider are:

• Your medical history - which may indicate a need down the road for care. (examples; osteoporosis, fractures, falls)
• Do you have multiple Prescription medications?
• Current physical therapy. Example frequent visits to the Chiropractor or Physio Therapist
• Your chronological age versus your physiological age. There may be significant differences. You may appear younger or older than your actual age.
• Your functional capacity. Are you able to perform the activities of daily living such as shopping, laundry, meal preparation, managing finances?
• Participating in hobbies, activities, or sports
• Are you able to drive?
• Are you mentally sharp? Example; can you count backwards from 100 by 7s?

My advice is the earlier the better, as the younger you are, the better your chances to successfully qualify for the insurance.

Tips on Buying Long-Term Care Insurance

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