Summary of Long-Term Care Insurance Underwriting and Premiums

Knowing how long-term care insurance is underwritten can help you understand why it is priced as it is, as well as why it may include or exclude certain conditions. Underwriters must take into account a number of factors if they are to craft policies that can serve large numbers of people. Although it may be a rather dry topic to many, a knowledge of underwriting can round out one’s understanding of why his or her policy works the way it does.

With a clear understanding of underwriting, it may also be possible to negotiate with a prospective insurer to get better rates based upon knowledge that the insurer may not have.