In today’s challenging economy, purchasing LTC insurance can easily take a back seat to other spending necessities. Right? But the need to protect assets is more important than ever. Even if you aren’t able to afford a top-of-the-line policy, please understand that having “some LTC insurance is better than having none.”

One of many top┬álong term care insurance carriers, such as Mutual of Omaha, offer a variety of options that allow your agent to tailor a policy to meet your specific situation. Here are just a few ways that can help you “dial down” premium to fit an already tight budget:

  • Inflation protection – Mutual of Omaha’s 5 percent 20-year inflation protection is less costly than lifetime inflation and provides adequate protection for most people.
  • Monthly benefit amount – Selecting a lower monthly benefit amount is another way to help keep premiums low.
  • Maximum monthly benefit for assisted living – you have the option to reduce this benefit by as much as 50 percent, which also lowers the premium.
  • Benefit period and elimination period – Mutual of Omaha’s LTC insurance policies offer a variety of benefit period and elimination period options. Selecting a shorter benefit period or longer elimination period can help keep premiums affordable.