Wednesday, March 28, 2012

Married Couples: One Spouse gets Approved for Long-Term Care but the Other Spouse is Declined - What are your Options?

This is a common situation that happens in the long-term care insurance industry - where a couple applies for long-term care insurance but only one spouse gets approved for coverage and the other spouse is declined (typically due to a health condition). So the question is - what are your choices for the uninsurable spouse? Unfortunately, there are not too many options out there. First they can try and get the spouse approved by another long-term care insurance company, since each company does have different underwriting policies, but this is not a guarantee that they will get insured. If that is the case there is another option that only few LTC Insurance companies offer. It is an additional benefit that can be purchased on the insured spouses policy that will provide additional funds when the insured spouse goes on claim. This money can be used to pay for long-term care insurance services and/or living expenses for the uninsured spouse. It varies from company to company how much this benefit will cover. These funds do not effect the insured spouses policies maximum lifetime benefit.

To learn more have a licensed long-term care insurance specialist contact you by completing this form at

1 comment:

  1. Life is very unpredictable and making such insurances is a good way to protect yourself and your family. But it also needs much money to pay for it. Unfortunately there could be a situation when one spouse can't get such insurance. But in the case of some accident I can recommend a good solution - to take 24/7 loans online. It's a quick and reliable service that doesn't need your credit history. All you must do is just to confirm your solvency and fill in the application form on-line. So you can get money for everything you need.