Long Term Care Issues-Can A Long Term Care Isurance Policy Be Reinstated if the Insured Forgets to Pay the Premium?
As people begin to age and have difficulties managing their affairs, they may forget to pay their Long Term Care Insurance premiums. I have seen this happen many times to individuals. This is a potentially devastating loss of critically important insurance coverage for obvious reasons. First, they have paid premiums for many years only to find that now when the benefits are needed, the need is the thing that caused the lapse. Second, because of age and infirmity, this valuable coverage is no longer available. Finally, because of the exorbitant cost of care, losing insurance coverage will create a huge financial strain.
Florida law recognizes this "catch 22". The law provides that if the insured person allowed the lapse to occur unintentionally due to a medical condition that prevented the payment of the premiums, the policy can be reinstated. Also, the law requires the insurer to advise the insured that premium and other important notices be sent, upon request, to a secondary addressee.
We have assisted many people in getting their policies reinstated. If you or a family member have suffered the lapse of a Long Term Care Policy, you may qualify for reinstatement. We can help. Call us at 305-868-1400.
posted by Steven M. Dunn @ 11:11 PM
12 Comments
12 Comments:
Steve, I briefly met you at the Maitland, FL facility that offers seniors ALF and Skilled nursing. Your fight for the right of seniors is not only challenging but also very difficult. We need to rely on "down-to-earth" attorneys such as yourself to help us, the families, that are wondering from where the money will come! What is the purpose of insurance if there in no ultimate payout? Insurance for whom? The pockets of multi-millionare insurance company owners? What a scary and frightful place our country is in. Thank you!
Dear fellow blogger,
I just would like to ask if you're interested in exchanging links.
Your site is relevant to mine and I would love to add it in my
blogrolls. I'm working on these senior insurance-related blogs:
Long Term Care Plans - http://longtermcareplans.blogspot.com
LTC Articles - http://ltcarticles.wordpress.com
Hoping for your favorable response. Let me know if you’re interested.
Regards,
Seth Molton
seth.molton@gmail.com
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A decade back when we had a member of the family reached an aged and it was getting difficult for other members to take care of him they would start looking for a retirement home. Previously what we assumed of retirement homes was more like a nursing home. Where you have a nurse taking care of an older person, let’s say your grandmother or grandfather and they could walk around a bit and chit chat when they were in their goo days.
FerideanCommons
Hi
I am jordon.
I am very happy after the age of 50 plus, because i have purchase long term care insurance and health insurance plan.
Thanks for sharing this article, its been a really great helpful read. I've never dealt with long-term care insurance york before, but I would love to learn some more about it. Thanks again for sharing!
I would really like to learn more about this. I was looking at a whole bunch of long term care insurance companies in Schererville In and they all seem really good, so choosing has been difficult.
Unfortunately, long term care insurance premiums are no longer affordable especially for those who waited till they're past 60 before deciding to purchase an LTC policy. Time and time again we have been told that long term care policies should be prioritized while one is young for him to be able to enjoy low premiums. Find out more by watching health care senior - www.youtube.com/watch?v=7wage0jKun4.
I guess the increase of online long term care insurance quotes is an endless cycle that is why people from ages 30 to 65 are constantly reminded to plan their future. The best thing about buying an LTCI policy at a very young age is the ability to integrate compound annual inflation protection into your policy without having to worry about premium cost.
How long does long-term care insurance go for? I am guessing somewhere in the 20 years or so. How long does normal-term care go for. http://seniorcareinsuranceservices.com/
What's the difference between life insurance and long term care insurance? I'm not sure what I need to do. Thanks for all the information. I'll have to talk to someone. http://www.annuitylifequotes.com/annuities.html
I’m amazed, I have to admit. Seldom do I encounter a blog that’s equally educative and interesting, and let me tell you, you've hit the nail on the head. The issue is something which not enough people are speaking intelligently about.
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