Follow
Share

I've recently placed my mom in A.L., and this has been an eye-opener for my own future. Would appreciate suggestions for tackling the long-term care insurance jungle. I am a 69-yr-old women, divorced, in good health, no issues ever, no prescriptions.

At 69 not sure if its worth it. Like said, the premiums will be so high. Then there are stipulations. Have to make sure they fit in what is available in your area.
Helpful Answer (1)
Reply to JoAnn29
Report

Be careful!!!!! Google it and read each company’s claimant reviews; BBB too. Good companies have a good bottom line. Why? Because they deny the claims. It’s called the 3 D’s - deny delay deceive. They’re good at it. If they can put you off long enough you die first. At your age the premiums will be sky high. There might be better financial ways to secure your future.
Helpful Answer (0)
Reply to qmnpxl
Report

I honestly don't think there is any LTC insurance that is worth it - in years past there might have been but now the premiums are so high and the clauses that get them out of paying so complicated that many people are reporting they aren't covered despite having one.
Helpful Answer (1)
Reply to cwillie
Report

This article is extremely interesting and appears to be authoritative:

https://www.forbes.com/sites/bartastor/2018/04/29/4-questions-to-help-you-decide-if-long-term-care-insurance-is-right-for-you/#220dd809651d
Helpful Answer (0)
Reply to Countrymouse
Report

Ask a Question

Subscribe to
Our Newsletter