It is certainly possible to find a cheap AIG long-term care insurance policy. First, let’s a new little bit more about AIG/American General and find out if they may be a smart choice for the long term care insurance needs.
Who Is AIG Long Term Care Insurance Company?
AIG stands for American International Group, Inc. They are a world leader in insurance coverage and also in financial services. They have workplaces and operations in over 145 countries world wide to serve their own customers from all over the globe. American International Group, Inc. or AIG services institutions, companies and individual customers from around the globe with insurance policies ranging from auto insurance to life insurance and monetary planning. They also offer retirement services and long term care insurance around the globe. If long term care insurance is new to you, you’re probably seeking each information and a secure provider for your needs. Here are some answers to your questions.
What Is Long Term Care Insurance?
Your basic health insurance is designed to cover well plus sick doctor visits as well as some emergency and surgical procedures. But what goes on after your insurance has met its obligation financially if you nevertheless need care? It’s not uncommon to get injuries and illnesses to result in a lessened ability for patients to deal with their daily living needs. While this require 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 part help for up to 80 in come cases, you need to ask yourself if your present financial situation can cover the rest. So what might that be?
How Much May i Expect To Pay For Long Term Care Without having Additional Insurance?
The cost of long term treatment can be budget breaking. In today’s market an individual without long term care insurance can get to pay over $1, 000 per week and upwards of $54, 000 a year. In years to come these cost may continue to rise. Paying these expenses out of your own pocket can lead to economic ruin rather quickly. With long term treatment insurance you can save yourself from these unreasonable medical costs. Also, consider the potential headaches it will save your loved ones if you already have this plan in order.
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I Am With limited funds; Does AIG Have A Plan For Me?
AIG has long term care insurance policies to fit every budget, income and lifestyle. By purchasing your policy previously in life you will have lower premiums since you are not a high risk for needing long term care insurance in the near future. Along with AIG long term care insurance they can help you to customize a long term care insurance coverage that is right for you. With each strategy you can pick the amount of coverage you intend to have that will fit into your budget.
What Do You Mean By Picking The quantity of Coverage I Want?
Picking the amount of coverage means that you can decrease the amount of healthcare expenses your long term care insurance plan will cover. For instance one day of long term care in a facility cost about $150. You can choose for your plan to only cover up to $100 from the fee for the medical care at the service, more or less. Of course you will be left to pay the rest but at least you will have a few medical expense coverage and safety.
You can also choose to lower the amount of days your long term insurance policy will cover your own medical expenses. For instance, you can choose to have up to 6 months of long term care medical expenses covered instead of 3 years. Lowering the amount of coverage your own policy will give you will also lower your payments and offer you a more budget friendly option. AIG long term insurance company is there to help you pick and customize a long term care insurance policy that not only offers you coverage but is also affordable.