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Frequently asked questions

General  - Long Term Care  - Insurance Terms

  • Does Robert D. Fink offer Dental Insurance plans
    Yes we have products for both individuals and groups.
  • Which carriers to does Robert D. Fink represent?
    We work only with the best carriers in any particular insurance market.  Currently we are working with:


    American United Life Insurance Company

    Assurity Life Insurance Company

    BlueCross BlueShield


    Indianapolis Life

    International Medical Group

    Health Plan Administrators

    Merchants Benefit Administration

    Motorists Life

    National Guardian Life

    North American Life & Health

    Old Republic Life Insurance Company

    Physicians Mutual

    Shenandoah Life Insurance Company

    State Life

    World Insurance




  • Why should I register with Robert D. Fink?
    Simple, because you want to offer your customers the best possible solutions, while maximizing your commissions.  Register now to ensure you are informed on the latest offerings.


    Long Term Care

  • What is long term care and do I really need insurance for it?
    Long term care insurance provides benefits for covered facilities and can also help cover costs for home and community care services. It is usually provided for in a nursing home, assisted living facility (licensed residential care facility in California), or even at home for the chronically ill or disabled person. Many people assume Medicare covers long term care but it doesn't. It covers care in a skilled nursing home and then only for a limited period. That means the rest might come from the patient, the family, or your assets.

    Deciding if you need long term care insurance comes down to what you have to protect in terms of assets and how you plan to pay for care. Very few people can afford to cover the costs of care on their own, so many people purchase insurance to help cover the bills. You may want to buy long term care coverage if you expect to have assets of $100,000 or more when you have retired. These assets might be a combination of the value of your home, property or investments.
  • What should I look for in a long term care insurance policy?
    The most comprehensive products are those that cover care in a nursing home, assisted living facility (licensed residential care facility in California), hospice facility, respite facility, adult day care and home health care. Since you can't predict what kind of care you may need, these products can give you the most coverage for your money. You can also buy long term care insurance policies that cover nursing homes and assisted living facilities only, which can reduce the cost of the premium. This may be a more affordable option if you are not considering receiving care at home.

    If receiving care at home is a main concern, you can consider home health care insurance. As the name indicates, home health care insurance is a long term care insurance policy that is designed to pay for covered care received at home.

    You may want to consider one that is tax qualified, which means you may be able to itemize your premiums as a deduction. If you are a business owner, you may also be eligible for a franchise discount. Ask your tax professional if you can use tax deductible corporate dollars to fund premium expenses for yourself and family members who may work for your company.
  • What else should I look for in Long Term Care?
    Look at the stability of the company behind the products. You should look for a company that has a solid reputation and will be there when you need it.

    Be careful just shopping by price. If a company has an unusually low premium as compared to others, be sure to find out their rate increase history. You may find you are offered a low price to start and then may face significant rate increases.

    Look at industry ratings of the company. These are usually provided by independent sources based on financial strength, claims paying ability and overall stability.

    For example, Physicians Mutual Insurance Company has been in business for one hundred years. We have been providing long term care insurance coverage for over twenty-five years and to date, we have never taken a premium increase for these products. Obviously, we can't guarantee future premiums won't increase, but this type of information is important to consider when you are comparing insurance policies.
  • What is home health care?
    Home health care is what it says; caregivers come into your home and provide care. This can be a popular option as many people prefer to stay at home if possible. But you may not want to place the burden of that care on your family or friends. Or perhaps you are on your own and have no one you can count on. Home health care insurance can help you pay for professional caregivers to help you at home to relieve those worries.

  • Is there a real difference between a daily maximum and a monthly maximum plan?
    Yes. If you own a daily plan and the charges you incur for covered confinement for one day of service exceed your daily maximum amount, you will be required to pay the excess - even if that was the only confinement for the entire month.

    With a monthly plan, all expenses incurred for covered confinement anytime during the month will be covered, up to the monthly amount selected.

    And of course, both a daily and a monthly plan require that you satisfy an elimination period before benefits are paid.

    An insurance policy with a daily maximum can be more economical in terms of premium cost, while an insurance policy with a monthly maximum may provide more in overall benefits. Deciding between daily and monthly insurance policies often may come down to budget considerations and what costs you feel most comfortable covering on your own.
  • Aren't I too young to think about nursing care insurance?
    Besides the fact you can't predict when you may need such care, there's a major advantage in buying while you're younger - more reasonable premium rates at your present age. By buying while you're younger, you can see premium savings vs. buying when you're older.
  • How do I choose a nursing home?
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    We recognize that choosing a nursing home for a loved one can be a difficult process. It requires a bit of homework and research. While we can't help you do that personally, we do have a resource that could be of assistance.

    The information it provides to you via the Internet can be a welcome relief in your search for care suitable for your loved one and can help remove some of the guesswork in shopping for care.


    Common Insurance Terms

    Benefit Period: The amount of time that benefits will be available, normally a time frame - one year, two, five, etc., for a long term care insurance policy.

    Elimination Period: An elimination period is the number of days of which must elapse before benefits are paid. A longer elimination period generally means a lower premium, but then, that's more money that you must pay out of your pocket.

    ADLs: Activities of Daily Living. Eligibility for benefits are usually based on the inability to perform some of these which may include eating, bathing, using toilet facilities, dressing and transferring from a bed to a chair or wheelchair.

    Assisted Living Facility (Licensed Residential Care Facility in California): These are facilities set up to aid those patients who may have difficulty performing certain ADLs.

    Respite Care: This is a form of relief provided to family and friends who provide care for the patient.

    Expense Incurred: This is the dollar amount for which you are responsible.

    Tax Qualified: Some insurance policies offered are designed to be tax-qualified, meaning that depending on your gross income, you may be able to deduct your premium as an itemized expense.

    10-Pay: This is an option that may be available on some insurance policies that allows you to pay your premiums over a ten-year period at which time the insurance policy becomes paid up.

    Franchise Discount: If you are a business owner, your business may qualify for a franchise discount depending on the coverage your employees purchase.