Ask Terry Questions Short Term care insurance policies

Short Term care insurance policies

By Terry Savage on March 13, 2015 | Insurance & Annuities

Both my wife & I (in our 70’s) are not eligible for long term care insurance. Have each been turned down by 3 major insurance companies. Who are the ‘short-term long-term’ care insurance companies that you referenced in a recent newspaper column?

Terry Says:  Well, if you waited this long and are in poor health, I’m afraid there is no way you could get long term care insurance.  The shortest-ter,m policies I’ve seen are sold by Genworth, for a two-year period.  They are the largest underwriters in the industry now — so I’m sure your agent already tried with them.  My only advice is to make sure your estate plans are up to date, and that you’ve named appropriate people to your healthcare power of attorney (each of you) and to your living wills.



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