Long-Term Care Insurance and Head Injury
Long-term care insurance and head injury may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you have had a head injury. Getting long-term care insurance with a head injury is possible if you work with a long-term care insurance specialist that will help you shop for a policy.
Can I qualify for long-term care insurance if I have a head injury?
If you have had a head injury you can probably qualify for long-term care coverage. Every insurance company has different criteria to determine who they can insure. It’s important to work with an experienced, independent agent who is familiar with the four main types of long-term care coverage. An independent, long-term care specialist can recommend the perfect policy for you based upon your health history.
Which type of long-term care policy should I buy if I have a head injury?
There are four main types of long-term care coverage: traditional long-term care insurance, long-term care partnership programs, life insurance with long-term care riders, and annuities with long-term care riders. The best type of policy for people with a head injury is usually a traditional long-term care policy or a long-term care partnership program. However, everyone’s situation is unique. Click here to try our proprietary “Policy Finder” tool (no phone required). It will give you an instant ranking of the four types of policies based upon your answers to a few short questions.
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Will I pay more for long-term care insurance if I have a head injury?
It depends upon what type of head injury and other factors. Every long-term care insurance company is different. Some long-term care insurers may charge applicants 10% more due to a head injury. Other insurers may charge applicants 50% more due to a head injury. That’s why it’s important to work with an long-term care insurance professional who can help you shop around and compare several different policies.
If I have a head injury will I have to take a physical in order to qualify for long-term care insurance?
Some long-term care insurers do not require a physical if you have a head injury. Most long-term care insurance companies will review your medical records in order to determine if they can insure you. Ask your long-term care insurance specialist what underwriting criteria each company will use before deciding which long-term care insurance policy is best for you.
Can I qualify for long-term care insurance if I’ve already applied for and been denied coverage due to a head injury?
Long-term care insurance specialists have less than 20% of their applicants declined. Insurance “generalists” have about 50% of their long-term care insurance applications declined. With over 25 years of experience, we can pinpoint exactly which company (and which type of policy) you’ll be able to qualify for. We have about an 80% success rate in helping our clients get approved even if they were previously declined.
If you have a head injury, a long-term care insurance specialist will ask you the following questions to determine if you can qualify for a long-term care insurance policy and calculate your premium:
When did you have your head injury?
Do you have any residual effects from the head injury (e.g. double vision, dizziness, vertigo, memory loss, etc…)
What prescriptions have you taken in the last year due to the head injury?
Have you received any type of worker’s compensation or disability benefits in the past 3 years?