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Discounts can significantly lower the cost of a long term care insurance policy.
Spouse/Partner Discounts: Companies usually provide discounts for spouses, and some for partners, when both persons buy insurance. Some companies will even provide a lesser discount if one has a spouse or partner and only one buys insurance. This is probably based on a theory that couples have a healthier lifestyle. The amount of the discount varies with the company.
Preferred Health Discounts: Most companies provide a discount for those individuals who do not smoke and are very healthy. The criteria varies with company and includes height and weight within the normal range and generally, the absence of medical conditions or medications.
Multi-life Discounts: Multi-life discounts can be either for employer groups, multiple family members or associations. Typically, an association discount is 5%.
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