Save money on long term care insurance by getting a discount for insuring both you and your spouse or partner.
Long term care insurance companies realize that individuals with a spouse or partner are highly likely to receive at least some care from their significant other or another family member or householder. In addition, this care is likely to be provided in the home rather than in an expensive facility. Since this results in savings to the insurance company, discounts are offered to married adults/partners and even unmarried adults who are living together. In fact, some discounts even apply if only one of the two can qualify for coverage.
Many long term care insurance plans also extend these discounts to another family member or householder. For example, if a senior lives under the same roof with his/her son or daughter, both of them may apply for coverage and receive the same discount.
