Avoid policies which are restricted to payment for Medicare-approved facilities. In addition to careful review of the pre-existing conditions language, you should pay particular attention to the description of conditions covered by the policy. Any policy which excludes Alzheimer's Disease, senility, organic brain syndromes or other similar language will have very limited usefulness. C. Benefit rate and inflation protection. D. Maximum benefit.
Many policies have a maximum benefit, expressed in terms of either total dollars or length of time.
E. Level premium. A premium which increases automatically over time may be attractive in the first years of the policy, but may make the coverage unaffordable precisely when it is most needed. G. Life Insurance. Many policies now include an element of life insurance. Sometimes, for example, any unused portion of the long term care policy will be used to provide a life insurance benefit of up to the amount of long term care coverage.