Don't feel obliged to cover the full cost of care. This benefit typically covers skilled care from nurses and therapists, as well as personal care from health aides and others. Payments continue for the period you choose, typically from two to five years, but in many cases for a lifetime. This is the deductible period during which you must pay for care out of your own pocket before benefits kick in. The longer you're willing to wait, the lower your premiums.
Companies often offer inflation-protection riders that increase the daily benefit amount.
Choose a company with a history of refining and updating policies. Policyholders can qualify for benefits if they need assistance in performing two or more activities of daily living. They don't have to be hospitalized before qualifying. Premiums are for individual policies, and men and women of the same age pay the same premium. Don't buy any policy on price alone.