My JH policy only has a 90 day elimination period, during which they do not pay benefits. It is scary to hear that they are fighting the conditions. I will not have children to fight on my side, I guess I would need to have a lawyer on retainer. Sigh.jhawktx wrote:They know full well that if they can just delay paying benefits for a several months, the odds are pretty good the insured will kick the bucket and they will avoid having to pay anything.
Even if the policyholder kicks the bucket, I think the insurer would still have to retroactively pay for benefits to the estate, from the time the conditions were proved to have started. Of course it doesn't help you much if you went broke and die as a result.
I don't think this is necessarily something to use when you are in your 80s. Disabilities can happen at any age depending on your medical conditions. I have an LTCI policy and I'm 35. Only way I could qualify for it was through my employer when I started last year, without medical underwriting. I took the chance. I sure hope I never get to use it, but chances are I will not live close to 80, and I may use the policy much younger.If you are thinking of buying LTCi, ask yourself this. When you are in your 80's, in failing health, and mentally shaky who is going to fight the battle to get the benefits you are due? Are you going to be capable of doing it? Do you have children who have the time, willingness, and energy to do it?