If you or a loved one has a Long Term Care policy
It is IMPERATIVE that you do two things:
1. Make sure your policy is paid via ACH transfer
2. Make sure that you have set up with your insurance carrier that someone you know who is responsible gets notified if the policy is about to Lapse!!
We have seen several unfortunate situations – where the insured starts to exhibit some symptoms of dementia – forgets to make the payment – and the policy lapses!!! Just when you need it!!