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Just hope we will be able to afford something similar!
We have OTC thru Mass Mutual and it is SignatureCare policy. It is about $200/mo for each of us. We have the policy, shared care riders, inflation protection, etc.
These policies all vary and you have to read each very carefully and understand any anticipated needs. Do your research and only buy from a trusted company and trusted rep. Call referrals from others who have similar policies.
Don
If you are looking for one...make sure you choose a reputable company not an unknown company. Look for one that can show you that the premiums do not go sky high as you age, ask about the ease of activating it, does it pay for home health care...can you still pay the premiums if using home health care, check on adult day care, respite care for your family member who is your caregiver, and as in my mom's and my policy...once you enter a facility, you stop paying premiums. Ask about inflation...mine has a 5% inflation rate a year, meaning the amount the policy pays per day for me, inflates 5% a year. Research and research to check on companies that defaulted on paying...this is why you chose a reputable company.