Long Term Care Insurance companies determine your premium rates based on several factors which are: 1. Your Age: The younger you are when you apply for long term care insurance the lower your rates will be. 2. Your Health: Your health at the time the long term care insurance policy is issued will play a factor in the rates.  Long term care insurance premiums are higher if you have health issues such as Diabetes, Hypertension (high blood pressure), etc.   The Long term care insurance companies will ask for permission to get your current health records from your Doctor and then the underwriters will review them to put you into a rates class.  Most companies will offer preferred, standard, rate 1, or substandard rate-class.  In some cases the long term care insurance companies will ask you to do a physical exam or a memory exam to check for Alzheimer’s or other cognitive disorders.  When you fill out the long term care insurance application be sure to answer all health questions truthfully and to the best of your knowledge. This will help you avoid complications when a claim arises.  If the long term care insurance company learns you did not fully disclose […]