Long Term Care Insurance Agents

Chris Antrim, CLTC Independent Broker

Medicare, Health & Long Term Care Insurance Specialist

Hello my name is Chris Antrim, please allow me to tell you a little bit about my experience and what I do for my clients.

My career in financial services began over 20 years ago as a financial adviser. Focusing on helping small business owners and families to establish and implement retirement saving-distribution, wealth transfer and asset protection strategies where he won industry and company awards for production and client satisfaction.

After my personal practice I worked with one of the largest brokerage general agencies in the nation. This was a wholesaling role that lasted a large portion of his career. One of the highlights of his career was his position as Regional Vice President for Genworth Life Insurance. Working with national accounts in the Bank and Wire house division he covered a four state territory. At Genworth his primary focus was to help assist and train his advisers through seminars and face to face appointments with the advisers retail clients. 

Before joining Genworth I worked with two of the nation’s largest Brokerage General Agencies as an external and internal wholesale partner. In this capacity his primary responsibilities were to act as a resource to both institutional accounts and high end estate planning professionals to design and implement life insurance, long term care and annuity planning techniques for their clients.

Areas of specialization include Health, Medicare, Life, Long Term Care, Annuities, Business, Auto & Home Insurance.

Why Do You Need A Long Term Care Insurance Plan

The hardest part of growing old is taking good care of yourself as you age. Most people when they age, it’s getting tough for them to do the stuff they must do on their daily basis. Such as bathing, eating, dressing, and more. When this happens chances are you’ll need some help in taking care of yourself later in life. The real question is, how can you afford to pay for it?

Buying long-term care insurance is one way to get ready for this when it happens. Long-term care insurance refers to an insurance product that provides nursing-home care, home health care, and personal or adult daycare. Simply means a host of services that aren’t covered by regular health insurance. The services include a routine of daily activities like bathing, dressing, eating, and getting in or out of bed.

This insurance policy helps cover the cost of that care when you have a chronic medical condition, a disability, or disorder such as Alzheimer’s disease. Most policies will reimburse you for the care given in a variety of locations or places, such as:

• Your home.
• Nursing home.
• An assisted living facility.
• An adult daycare center.

Long Term Care Insurance Companies

Where To Shop Long-Term Care Insurance?

Shopping for long-term care insurance is lucky because it has several companies to choose from in most states. Genworth is a company that traditionally sells long-term care. Aside from that, a new breed of life and long-term care policy stepped in to dominate the market. 

Here are some of the companies that sell long-term care insurance:

1. Genworth Financial. - "not selling new policies"
2. Mass Mutual.
3. Transamerica.
4. State Farm.
5. Mutual Of Omaha. 
6. Bankers Life & Casualty.
7. New York Life.
8. Northern Mutual.
9. LTC Consultants
10. John Hancock.

How Do LTC Policies Work

How Long-Term Care Policy Works?

Buying long-term care insurance is similar to buying life insurance, the same as price and process. There’s an application to fill out and health questionnaires to answer. The insurer will most likely ask to see your medical records. You choose the amount of coverage you want. The policy usually limits the amount paid out per day and the amount paid during your lifetime.

Once you’ve eligible for coverage and the policy is issued, you begin paying premiums. The coverage is guaranteed as long as you pay your monthly premiums, regardless of your age or health condition. Typically, you will receive the benefit once you are unable to do at least two out of six activities of daily living - ADLs. And that activity specified are:

• Bathing.
• Caring for incontinence or bowel control.
• Dressing.
• Eating.
• Toileting (getting on or off the toilet).
• Transferring (getting in or out of bed).

When you need care and you want to make a claim, the insurance company will review your medical records from your doctor and may send a nurse to your location to do an evaluation.

How Much Is Long-Term Care Cost?

The cost of your coverage may depend on a variety of factors, including:

1. Age and Health. The older you get, the more health problems you have, meaning the more you’ll pay when you buy coverage.
2. Gender. In regular life insurance, a man pays more because they’re more likely to die at a young age. While in long-term care women usually pay more because they live longer than men and have a greater chance to receive long-term care insurance claims.
3. Marital Status. The marital status affects your coverage as premiums are lower for a married couple than a single person.
4. Insurance Company. As rates can differ for most states and will vary among insurance companies. Another reason why comparing quotes from different carriers is important.
5. Amount of Coverage. The better care you want, the higher the rates you have to pay.

Keep in mind, that these are only averages estimates based on a pool of data gathered from leading insurance carriers.

Annual Premium Estimates

Quotes For LTC, Medicare & Health

These are the frequently asked questions many people ask about Long Term Care facilities and insurance in Idaho. If you still have additional questions you can contact our phone number at (208)-409-3382 or visit our website Boise Health & Life Insurance Agency or go to www.goidahoinsurance.com

Remember that insurance is confusing and huge! Don’t shop alone, pack yourself with the knowledge to make the most out of your coverage. This will be your support in providing your healthcare and financial assistant.