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This tool was developed to help consumers see what a possible underwriting
action may be, should they decide to apply for long term care insurance.
If you take a moment to think about your medical history, you can
use this tool to find out the most logical outcomes to a long term
care insurance application. Just enter a medical condition, and
click submit.
You may have some additional questions as to what the possible outcomes
mean. Please allow us to explain the terminology for you.
Decline - If the probable underwriting action
tool said "Decline" on a medical condition you used, remember
this does not definitely mean your application would be declined.
Each application is evaluated on it's own merits. However, the majority
of people with recent histories of the medical condition you selected
did get declined.
Preferred Plus - Applications receiving a preferred
plus status have the best possible rate for a long term care insurance
policy. This is reserved for people still in very good health.
Standard - Good news, if the tool stated that
your medical condition results in a standard policy, odds are the
insurance company has no problem with your medical history. They
would most likely issue a policy with a standard rating. This means
that the normal cost of a long term care insurance policy is what
you would get on your policy if you applied.
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