long term care insurance rate

An insurance quote and an insurance rate are completely two different things. Whereas an insurance quote can be defined as an approximate figure given out by insurance companies on different policies, an insurance rate is the actual figure charged to an individual as premiums to be paid. Several factors may affect a long term care insurance rate though it is fully dedicated to disabled people and those who can’t fend for themselves. Insurance companies have different ways of calculating the insurance rates for different policies and genres of people. The size of the insurance company may also enable it to charge lower premiums due to the fact that they have a larger pool of resources from other clients’ premiums. The same may be true for lower companies which would not want to take the risk of bearing the compensation expenses and thus charge higher. A long term careinsurance rate may not necessarily be determined by the age of the insured. However, the older a