1. SHOP AROUND: Premiums vary greatly from company to company so be sure to get quotes from at least 3 different carriers. At  LTCFreeQuote.com, we represent most all the major Long Term Care Insurance companies and we find differences of 15% to 65% in the premium for basically the same policy from company to company.  It is imperative that you work with a broker who works for all the companies so you will get objective advice. 2. WEIGH BENEFITS AGAINST PRICE: Before you commit to a long term care insurance company make sure you take the time to find out what long term care insurance policy features and benefits are most important to you. 3. LONGER ELIMINATION PERIODS: This is your policy’s deductible and the longer the elimination period on your long term care insurance policy the lower the premium will be.  Consider taking a longer period to keep your premiums down. 4. SPOUSAL and DOMESTIC PARTNER DISCOUNTS: Most insurance companies offer a discount for a husband and wife applying for coverage at the same time. A few long term care insurance companies will offer discounts for gay and lesbian couples as well. 5. COMPOUND INTEREST VS SIMPLE INTEREST:  Anyone […]