#1. Long-Term Care VERSUS Chronic Care: When they describe the policy verbally it will sure sound like 'long-term care' but many policies are actually 'chronic care'. The contract you receive AFTER you buy spells out the difference (and you probably won't know how to tell).
The difference come claim time can mean you may NOT get the benefits you expected! What is needed to qualify for benefits may be different and more restrictive.

#2. Benefit Payment Options Differ: Indemnity (cash payment) versus reimbursement can make a big difference.
The difference in how much benefits you can access on a monthly basis and whether or not you must use a licensed provider for your care

#3. Cash Surrender Values Differ:  Some will provide a full refund of the premiums you’ve paid in while others may only provide half and use vesting schedules.

#4. Death Benefits Can Be Reduced:  One policy will provide a death benefit greater or equal to what you paid in. Another will have lower death benefit but higher LTC benefit amounts.

#5. Different Elimination Period:   Typically 90 days but one policy will reimburse retroactively, which can be a huge difference!

#6. 50% More Benefits for Less Than 20% More:   Policies have 'sweet spots' that can get you literally TWICE the potential benefit for maybe an additional 10-to-20 percent more.

#7. Tax Deductibility:   Could be a huge benefit when you are older and can benefit most from a tax deduction! Plus, today, Some policies can use IRA or retirement accounts to fund while other policy’s cannot. Could be a great way to convert taxable money into tax free LTC benefits.