We all tend to take our health for granted. We can be healthy and active one minute and in the next have a stroke or be in a car accident and become completely and permanently disabled. Things can change in a blink of an eye. Ask yourself how you would feel if you had a change in your health that made it impossible to get long-term care insurance regardless of any premium you would be willing to pay?
Your health does not have to be perfect to purchase long-term care insurance, however, there are certain health conditions and combinations of health conditions that can cause you to be uninsurable.
Small Sample of Uninsurable Conditions
Alzheimer's, Dementia, memory loss, Multiple Sclerosis, Parkinson's, degenerative nerve diseases, AIDS, cirrhosis of the liver, congestive heart failure, dialysis, osteoporosis (with a history of multiple falls or fractures), cancer that has spread, emphysema, inability to perform your own activities of daily living, use of a walker or wheelchair, Muscular Dystrophy, Neuropathy (due to diabetes, alcoholism or polio), organ transplant, schizophrenia, renal insufficiency or failure, tremors, severe osteoarthritis or rheumatoid arthritis, severe chronic pulmonary disease, and cerebral palsy |
The chart below shows you the percentages of people that apply that are declined. You can see that the younger you are, the better chance you have of getting long-term care insurance!
| Your age |
% Declined |
| 50-55 |
4%-8% |
| 56-60 |
4%-12% |
| 61-65 |
7%-14% |
| 66-75 |
6%-21% |
| 75+ |
15%-33% |
Source: American Association for Long-Term Care Insurance. Industry Averages Analysis. Report, June 2000
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