Tips for Getting Long-Term Care Insurance

Savings
Limiting your benefits can save you money. Accepting higher deductibles and limiting the length of time covered can substantially cut annual premiums. Few people need their benefits for more than five years.
Inflation
Don't skip inflation protection. Over time, unprotected benefits can shrink drastically in value and out-of-pocket expenses will soar. Inflation protection of 5% is recommended especially for Baby Boomers. Do your homework and speak with a Long-Term Care specialist.
Research your company and your agent. Consumer experts recommend that you select an agent who is specializes in Long-Term care planning and who sells policies for more than one firm.
Know your policy
Consumers often misunderstand what care is covered by their policy and what events trigger coverage. If you want your policy to cover in-home services and the cost of a nursing home, be sure it is spelled out.
Be careful
Be wary of pitches to change your policy -- it could waste all the money you've paid in premiums. There should be a good set of reasons to swap policies cautions Dane Petchul of Long Term Care Insurance Pros.