Insurance companies that offer long-term care insurance include American General Life, Bankers Life and Casuality, Berkshire Life and Lincoln Financial Group, reports the American Association for Long-Term Care Insurance. Other insurance companies rated as leading long-term care companies include New York Life Insurance Company and Northwestern Mutual Life Insurance Company.
There are about 100 companies that offer long-term care protection, as of July 2015, states LongTermCare.gov. Insurance companies usually receive ratings from various agencies, including AM Best, Moody Investor Services and Standard & Poor's, explains the American Association for Long-Term Care Insurance. Other companies listed by rating companies as offering long-term care coverage include Prudential Insurance, State Farm Insurance, Thrivent for Lutherans and Unum. Insurance experts advise people to ascertain the commitment of the long-term insurance to the marketplace, explains the American Association for Long-Term Care Insurance. Additionally, the insurance care protection has to be financially stable.
There are various options through which people purchase long-term insurance, including directly from an insurance agent, broker or financial planner, according to LongTermCare.gov. The most recommended way to determine whether an insurance company offers long-term protection is to contact an individual state’s department of insurance. Some states assist residents in finding long-term care insurance through state partnership programs.