Compare State Farm Long Term Care Insurance Plans

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Long Term Care Insurance & Preventing Dementia

State Farm Long Term Care Insurance

Founded in 1922 as an auto insurance company, State Farm is now the largest property and casualty insurer in the United States, with more than 83 million active policies and accounts. As a mutual company, State Farm is owned by its policyholders, allowing it to stay clearly focused on understanding the needs of its customers and providing policies and services to match. State Farm’s insurance policies are backed by the company’s great reputation, solid financial strength, and nearly a century of experience.

State Farm

Long-Term Care Insurance Policies

State Farm’s policies cover a range of care options, including assisted living, hospice care, nursing home care, adult day care, and home health care. They offer tax-qualified and non-tax qualified policies, inflation protection, and a range of choices for things like waiting period and maximum benefit. State Farm’s maximum benefit options extend all the way to 10 years, making it a great choice for those looking to purchase coverage for an extended period of time. Recent years have been tough on many companies offering long-term care insurance policies, and this has resulted in price hikes across the board. State Farm’s prices in particular are higher than those of many of its competitors, and in December 2017 they announced a plan to raise rates even further for many of their existing LTC insurance customers.

Unlike many other long-term care insurance companies, State Farm sells its LTC insurance exclusively through its network of agents. If you aren’t quite ready to talk with an agent, you can also receive a quote online.

Reputation and Financial Strength

State Farm is an experienced company with a strong financial outlook. It received a score of A++ (superior) from A.M. Best, AA (very strong) from Standard & Poor’s, and Aa1 (excellent) from Moody’s Investors Service. Ratings from independent agencies such as these are important because a company’s financial strength helps to determine its ability to pay out claims in the future. State Farm also consistently scores well with customers.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – long-term care insurance policies and the companies that issue them can differ greatly, so it pays to do your research and shop around.

More Useful Links:

Transamerica Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

State Farm Long Term Care Insurance

Founded in 1922 as an auto insurance company, State Farm is now the largest property and casualty insurer in the United States, with more than 83 million active policies and accounts. As a mutual company, State Farm is owned by its policyholders, allowing it to stay clearly focused on understanding the needs of its customers and providing policies and services to match. State Farm’s insurance policies are backed by the company’s great reputation, solid financial strength, and nearly a century of experience.

State Farm

Long-Term Care Insurance Policies

State Farm’s policies cover a range of care options, including assisted living, hospice care, nursing home care, adult day care, and home health care. They offer tax-qualified and non-tax qualified policies, inflation protection, and a range of choices for things like waiting period and maximum benefit. State Farm’s maximum benefit options extend all the way to 10 years, making it a great choice for those looking to purchase coverage for an extended period of time. Recent years have been tough on many companies offering long-term care insurance policies, and this has resulted in price hikes across the board. State Farm’s prices in particular are higher than those of many of its competitors, and in December 2017 they announced a plan to raise rates even further for many of their existing LTC insurance customers.

Unlike many other long-term care insurance companies, State Farm sells its LTC insurance exclusively through its network of agents. If you aren’t quite ready to talk with an agent, you can also receive a quote online.

Reputation and Financial Strength

State Farm is an experienced company with a strong financial outlook. It received a score of A++ (superior) from A.M. Best, AA (very strong) from Standard & Poor’s, and Aa1 (excellent) from Moody’s Investors Service. Ratings from independent agencies such as these are important because a company’s financial strength helps to determine its ability to pay out claims in the future. State Farm also consistently scores well with customers.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – long-term care insurance policies and the companies that issue them can differ greatly, so it pays to do your research and shop around.

More Useful Links:

Transamerica Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.