Purchasing long term care insurance is something an increasing number of people are doing.
Long term care is a great alternative to relying on children or other family members for care when a person becomes disabled or ages.
Although it's often viewed as a form of insurance reserved strictly for the senior set, this certainly isn't the case.
For someone who wants long term care insurance coverage in Virginia, they need to start by getting a few quotes.
Much like getting health or life insurance quotes, the individual contacts several representatives for different insurance companies, supplies some basic information to them and is provided with a quote.
From there they can take the information and make a decision on which coverage and company is good for them.
Full coverage long term care insurance is designed to provide benefits in the event the person can no longer care for themselves.
There are different levels of coverage including care in a nursing home as well as home care with a certified individual.
Although a nursing home care only policy will be less expensive in terms of premium costs, it doesn't provide in the event the individual is well and mobile enough to continue living in their home but they still require some assistance.
For this reason a policy that covers both possibilities is a better choice and offers care in either instance.
There are some distinct advantages to having full coverage long term care insurance in this state including the ability to designate someone to handle the policy if the policy owner becomes unable.
Many elderly people become forgetful and if the premium isn't paid, the policy coverage lapses.
However, in Virginia, an alternative can be named to handle the day-to-day workings of the policy including being notified of late payments so coverage is constant.