Illinois Long Term Care Insurance

Written by Norene Anderson
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Illinois long term care insurance is for anyone with assets to be protected. The amount that is typically used as a marker is $75,000 or more excluding your home and automobile. If you have to reduce your spending on any of the necessities of life, then you are not a good candidate for long term care insurance.

You will not be eligible for coverage if you have certain conditions, deficits, and diseases. For instance, if you have Parkinson's or Alzheimer's disease, AIDS, or you have had multiple strokes, you will not qualify for coverage. If you require the use of a walker, oxygen, a wheelchair, or dialysis equipment, you will not be offered a policy.

Read the Future of Illinois Long Term Care Insurance

It is obvious that the only time to prepare for future debilitating conditions is while you are healthy. Age is a factor in being accepted for a policy, but your health is the main issue. If you are 60 and have no poor health indicators, you will be more likely to be approved for coverage than someone who is 40 with major health issues.

Unlike other types of insurance policies, you can be turned down for long term care insurance. The premium set can be high. The insurance carrier cannot, however, raise your premium without raising the premiums of everyone in the same class as you. Before enrolling in any plan, read the fine print or have a legal professional interpret it for you. Make sure you know what you are getting for years down the line.


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