Hi to all: This seems to be a great site for good info on LTCI.
What are thoughts about "Bankers Life and Casualty" they gave me & my wife a
presentation on there "Premier Tax-Qualified Long Term Care Ins Partnership Program. $150 per day three years 5% compound.Both of our ages 64 will turn 65
in June & Sept. We live in South Carolina. Cost 318 per month.

Find another carrier....such as Hancock, Genworth Prudential, Metlife.....anyone but Bankers. Go with someone who will be there for you when the time comes. There are lots better choices. Go talk to an independent LTC specialist, not some captive agent with one product to sell.

Instead of giving you my personal & professional opinion on Bankers, I'm going to give you some homework, and let someone else answer for me. Pull out your phone book, and call several area nursing homes and assisted living facilities. Ask them which long term care companies claims they've had success with, and which ones give them a hard time. I think that may answer your question about which companies are and aren't good choices. I know I get the same good vs. bad companies every time I ask the question. Good luck.

I'm in agreement with Yankee & Kpbdy,

There are probably 10 companies in your state that sells LTC insurance. Each one offers a different policy, each one charges different premiums and each one looks at medical conditions differently as well.

Bankers uses Captive Agents to sell their policies. A captive agent represents and works for one company. That agent will visit with you, tell you about their policy and give you a quote.

What that agent will not do is to advise you that there may be 6 other companies with better policies and less expensive rates.

You need to sit with an independent agent who represents most of the companies in your state. You need to review your options. Premiums are only one part of the mix. You also need to look at the financial ratings and a company's history of rate increases as well.

This is an important decison for you and you need to do your due diligence.

You can visit the website of the American Association of LTC Insurance and search for an accredited agent in your area.
www.AALTCI.org

Arthur