Choose the right coverage for your lifestyle with the guidance from experts
Make informed decisions about your insurance coverage with the help of these expert advisors. Find the right policy that suits your unique lifestyle needs and budget.
As the population ages and life expectancy increases, more and more people are considering long-term care insurance to help provide financial security and peace of mind in their later years. Long-term care insurance can help cover the costs of services needed to maintain your lifestyle if age, injury, illness, or a cognitive impairment makes it challenging for you to take care of yourself. With a variety of options available, it's essential to compare different companies and policies to ensure you're making the best choice for your needs.
Nationwide: High Customer Satisfaction and Reputability
Ranked among the best insurers for customer satisfaction, Nationwide boasts a low NAIC complaint index and a high rank in customer satisfaction surveys. As a well-known national insurer, Nationwide's reputation adds an extra layer of assurance for customers looking to invest in financially secure products. The company offers universal and variable universal life insurance policies with long-term care riders, inflation protection on their CareMatters policies, and the option to include informal caregivers. To find out more about their cost and policy options, contact Nationwide for a quote.
Mutual of Omaha: Discount Programs and Stand-Alone Coverage
Mutual of Omaha made it to our top picks for its discount program, offering 15% off to partners who purchase the same policy, 15% for being in good health, and 5% for married customers (whose partners aren't under the same policy). The company sells long-term care insurance coverage exclusively as a stand-alone product, with policy options such as the MutualCare® Custom Solution and the MutualCare® Secure Solution. These policies include a range of benefits and options, including a care coordinator and the ability to choose your preferred benefit payment method from month to month (cash or reimbursement). For more information on their policies and to get a quote, contact Mutual of Omaha.
GoldenCare Insurance: Online Broker with Multiple Provider Options
As an online insurance broker, GoldenCare partners with some of the most prominent companies in the market to help customers find the best options for their long-term care needs. By offering multiple quotes in one place and a Golden Care agent to guide you through the process, clients can easily compare different insurers and policies to find the best fit. In addition to long-term care insurance, customers can also compare critical care policies and Medicare insurance products. To learn more about their services and to get a quote, contact GoldenCare Insurance.
New York Life: Financial Stability and Longevity
With strong financial ratings from agencies such as AM Best, Fitch, Moody's, and Standard & Poor's, New York Life is our pick for the best long-term care insurer for financial stability. As one of the nation's oldest mutual insurance providers, policyholders can trust in the company's ability to pay out claims. New York Life offers two types of long-term care insurance options: traditional stand-alone policies and combination long-term care and life insurance policies. To get more information on their policies and to receive a quote, contact New York Life.
Northwestern Mutual: Customizable Benefits and Dividend Eligibility
Northwestern Mutual's QuietCare traditional long-term care policy offers a range of customizable options, including maximum monthly benefits from $1,500 to $12,000 and four elimination period alternatives. Their premium payment option waives premium payments once you meet the need for care, even if you're not yet receiving benefits. Furthermore, their long-term care policies are "participating" policies, making them eligible for dividends. To learn more about their offerings and to get a quote, contact Northwestern Mutual.
AARP: Comprehensive Coverage and Financial Impact
The benefits of long-term care insurance provided by AARP go beyond what your health insurance may cover by reimbursing you for services needed to help maintain your lifestyle as you age or face health challenges. It's essential to understand the financial impact a few years of long-term care can have, as costs can be expensive and difficult to predict. To find out more about their policies and to receive a quote, contact AARP.
Choosing the Right Long-Term Care Insurance Provider
With a variety of long-term care insurance providers and policy options available, it's crucial to research and compare different companies to ensure you're making the best decision for your needs. Nationwide, Mutual of Omaha, GoldenCare Insurance, New York Life, Northwestern Mutual, and AARP all offer unique benefits and features, making them top contenders in the long-term care insurance market. By carefully considering your options and seeking quotes from multiple providers, you can secure the financial stability and peace of mind that long-term care insurance can provide.