While it's true that low income people are the most to suffer, it's also a fact that no matter how well off you are, the cost of long term care -- chronic illness, disability, or cognitive disorders -- could severely impact your life's savings.

Whether you receive services at home, in an assisted living facility, or in a skilled care nursing home, the costs of long term care are staggering. Even worse news is that the rates are rising steadily each year.

Long term care insurance seems to be the answer for many, and John Hancock long term care policy rates are among the most affordable in America. With over 20 years issuing health insurance coverage and long term care policies, John Hancock is a trusted leader in the LTC industry.

In 2007, John Hancock was ranked number one as a life insurance company, and sold more long term care insurance (LTCI) than any other carrier, according to recent year end polls of LTC companies.

Additionally, they had the highest annual growth rate of the top 10 insurers with a new premium growth of 28 percent (industry average is 3%). This translates into affordable John Hancock long term care policy rates for America's ill and aging population.

Even with the clearly healthy history of John Hancock health insurance and life insurance, potential customers must make every effort to make sure a policy is right for them. Benefit and rate comparison is a must as is a thorough investigation before a purchase is made.

A few things to look for in a good LTCI policy are: A non-forfeiture benefit; protection from inflation, history of claims payment, and a death benefit that insures a refund to your estate of any premiums you paid minus benefits paid out to you.

In addition to affordable John Hancock long term care policy rates, you can expect the benefits listed above if you opt to purchase a policy from this company. They also offer short elimination periods, extended term benefits, and reduced paid-up benefit options.

When it comes to LTCI, every question must be answered and every issue laid to rest. Even the best companies can fail to provide the coverage you may need without intensive question and answer sessions.

Learn all you need to know about buying long term care insurance by studying the best long term care review online. Soon, you might be saving your nest eggs with affordable John Hancock long term care policy rates.