Long-term care insurance

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ND Irish
Posts: 8
Joined: Sun Mar 04, 2007 8:21 pm
Location: Massillon OH

Long-term care insurance

Post by ND Irish »

Does anyone have any guidelines for if and when to buy LTCI? What I've seen so far would cost me $5,000 to $8,000 a year for 5 years of coverage. Do you know any good sources of consumer information? Thank you.

Jim
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kcyahoo
Posts: 434
Joined: Mon Feb 19, 2007 9:59 pm
Location: Venice, FL

Use Google

Post by kcyahoo »

Several years ago when I was researching LTC insurance I found several "Comparison Lists" on the internet. I then made a master list from all the sources. You can do this then compare policy features from several providers against your list. You will also find some direct comparisons on the internet. Companies that are weak on some features try hard to camouflage the weakness. This takes a lot of time.
Retired @ 57, now 75 | was 50/45/5, then 42/54/04, now 35/60/5 | KC
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Richard Berg
Posts: 63
Joined: Tue Feb 27, 2007 3:07 pm

Post by Richard Berg »

I keep my LTCI in the closet next to the ammo.
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Dutchgirl
Posts: 164
Joined: Mon Mar 05, 2007 5:52 pm
Location: Oakland, California

LT Care Insurance

Post by Dutchgirl »

I got my LT care insurance through my professional organization and it was much less expensive than the figures you quote (maybe for less coverage).
If you do belong to such an organization, insurance may be available to you through them.

Regards, Yoka
norm
Posts: 594
Joined: Mon Feb 19, 2007 7:10 pm

Post by norm »

WWV
Posts: 126
Joined: Fri Feb 23, 2007 8:58 am
Location: Northwest of Chicago

A good article

Post by WWV »

I'd suggest

What You Need To Know About Long-Term Care Insurance
By Paula Hogan, AAII Journal, May 2005

It can be found at the AAII.com website (if you are a member) or at

http://www.hoganfinancial.com/
-click on "HFM Library" in left column
-then chose topic "Insurance Issues"

Be aware there are some "hybrid" products coming out-see:

Insurance-Based Investment Products: Why Are People Talking More About Them Now? at
http://www.fpanet.org/journal/BetweenTh ... 110103.cfm

I'm not saying these will be "good"-but since I have a track record of buying something just before it becomes obsolete, thought you should have a heads up.

Hope this helps.

Bob
Topic Author
ND Irish
Posts: 8
Joined: Sun Mar 04, 2007 8:21 pm
Location: Massillon OH

Long-term care insurance

Post by ND Irish »

Thank you one and all for your suggestions and input. Diehards are great that way. Oh, and Norm, shouldn't that be the plural "illegitimati?"
Jim
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