That is definitely possible to find a cheap AIG long-term care insurance policy. First, let’s learn a little bit more about AIG/American General and see if they may be a smart choice for the long term care insurance needs.
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Who might be AIG Long Term Care Insurance Company?
AIG stands for American International Group, Incorporation. They are a world leader in insurance policy and also in financial services. They have workplaces and operations in over 140 countries world wide to serve their customers from all over the globe. American Essential Group, Inc. or AIG services institutions, companies and individual clients from around the globe with insurance policies ranging from auto insurance to life insurance and financial planning. They also offer retirement services and long term care insurance around the globe. In case long term care insurance is new to you, you’re probably seeking each information and a secure provider to your requirements. Here are some answers to your questions.
What exactly is Long Term Care Insurance?
Your basic health insurance is designed to cover well plus sick doctor visits as well as several emergency and surgical procedures. But what happens after your insurance has fulfilled its obligation financially if you nevertheless need care? It’s not uncommon for injuries and illnesses to cause a lessened ability for patients to deal with their daily living needs. While this need is most commonly associated with the elderly, younger incident victim or suffers with both severe and chronic diseases often see them selves in this position too.
Whilst Medicare will kick in full transaction for up to 20 days and partial help for up to 80 in come cases, you need to ask yourself if your current financial situation can cover the rest. What exactly might that be?
How Much Am i able to Expect To Pay For Long Term Care Without having Additional Insurance?
The cost of long term care can be budget breaking. In today’s market an individual without long term care insurance can expect to pay over $1, 000 each week and upwards of $54, 000 a year. In years to come these cost can continue to rise. Paying these costs out of your own pocket can lead to financial ruin rather quickly. With long term care insurance you can save yourself from these excessive medical costs. Also, consider the possible headaches it will save your loved ones in case you already have this plan in order.
I Am With limited funds; Does AIG Have A Plan For Me personally?
AIG has long term care insurance plans to fit every budget, income and lifestyle. By purchasing your policy earlier in life you will have lower premiums since you are not a high risk for needing long term care insurance in the near future. With AIG long term care insurance they can help you to customize a long term care insurance plan that is right for you. With each plan you can pick the amount of coverage you intend to have that will fit into your budget.
So what do You Mean By Picking The Amount Of Coverage I Want?
Picking the amount of insurance coverage means that you can decrease the amount of medical related expenses your long term care insurance coverage will cover. For instance one day of long-term care in a facility cost regarding $150. You can choose for your policy to only cover up to $100 from the fee for the medical care at the facility, more or less. Of course you will be left to cover the rest but at least you will have some medical expense coverage and defense.
You can also choose to lower the amount of days your long term insurance policy will cover your medical expenses. For instance, you can decide to have up to 6 months of long term care medical expenses covered rather than 3 years. Lowering the amount of coverage your own policy will give you will also lower your monthly premiums and offer you a more budget friendly choice. AIG long term insurance company is there to assist you pick and customize a long term treatment insurance policy that not only offers you insurance but is also affordable.