How Long Do You Pay Premiums For Long Term Care Insurance?

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May 22, 2013

Peggy Mace

Premiums for long term care insurance are paid until the insurance is needed. There is no such thing as a “paid up” policy with traditional long term care (LTC) insurance. However, if someone purchases a permanent life insurance policy that includes chronic illness benefits, or has a rider that provides long term care type benefits, then one might be able to pay premiums ahead so that the policy is paid up and ready to use when needed.

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