When it comes to buying a long term care insurance policy, the most important factor to consider is the financial strength and stability of the insurance company.
After all, your peace of mind comes from knowing that you will be able to collect benefits down the road.
How can you know which insurance company is the best one for you when it comes to long term care insurance?
You can…
- Contact your State’s Department of Insurance
- Ask about any “Partnership Policies” that may be available in your State
- Check any outstanding complaints that regarding “home health coverage” or “facility coverage”
- Ask for the latest company financial ratings from A.M. Best, Moody’s and Standard & Poor’s
- Ask about any policy premium rate increases for policy holders in your State
Leading Long-Term Care Insurance Companies
Below you can find a brief overview of the five (5) leading long term care insurance companies.
For more information about each insurance company, including free materials to download, simply click the links below.
If you have any questions regarding the companies listed below you will find their contact information by clicking the link.
Genworth Long Term Care Insurance
- A.M. Best Company: A (Excellent)
- Moody’s Investors Service: A1 (Good)
- Standard & Poor’s: AA- (Very Strong)
John Hancock Long Term Care Insurance
- A.M. Best Company: A+ (Superior)
- Moody’s Investors Service: A1 (Good)
- Standard & Poor’s: AA+ (Very Strong)
Mutual of Omaha Long Term Care Insurance
- A.M. Best Company: A+ (Superior)
- Moody’s Investors Service: Aa3 (Excellent)
- Standard & Poor’s: Aa- (Very Strong)
Prudential Long Term Care Insurance
- A.M. Best Company: A+ (Superior)
- Moody’s Investors Service: Aa3 ($Excellent)
- Standard & Poor’s: AA (Very Strong)
Transamerica Long Term Care Insurance
- A.M. Best Company: A+ (Superior)
- Moody’s Investors Service: A1 (Good)
- Standard & Poor’s: AA- (Very Strong)
The ratings listed above were accurate at the time of publishing this page. Ratings will be updated from time to time. Always check with your insurance agent prior to purchasing a policy for the latest financial ratings.
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Simply click the link below and get a better understanding of the costs associated with buying a Long Term Care policy, and the costs for not having one.
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That way you can make an informed decision that’s right for you and your family.
