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http://boards.fool.com/janice-the-5000-annual-premium-seems-high-for-15094887.aspx
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| Subject: Re: Questions | Date: 6/2/2001 3:08 PM | |
| Author: fooldaveonce | Number: 6857 of 18406 | |
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Janice: The $5,000 annual premium seems high for your age. I'm 67 and recently purchased a MetLife policy that will pay $130 a day for care; it paying costs about $2,400 a year. I was denied the lowest rate because of an occassional twinge of arthritis. I am confident I can make up the difference with income from my investments. You should consider long-term care if you want to preserve your assets and the cash flow from your investments and other sources of income will not cover the cost of care. It's about $210 a day in this part of the country (Connecticut). Some states will let a person keep assets equal to the amount they would have paid into the policy had they lasted a normal life span. Keep checking for premium costs and see if Texas offers an estate preservation enducement. Good luck and enjoy retirement. Dave |
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