Taking care of my mother and watching her money dwindle has me fearing the future. Just had a long term insurance agent here to talk about my husband and my plans. Do any of you have long term insurance for yourself? Do your folks have it? It would cost us $8000 a year. What a gamble. Us gambling we'll continue to be able to afford it - or my working to pay for it. And the insurance company gambling we'll pay for 20 years and die before we receive a dime.
What are others' thoughts on LTC? We have a house, assets, retirement and IRA's Does paying this kind of money on LTC really make sense or is it a scare tactic for the insurance companies?
Thanks for your opinions