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Subject:  Re: Long Term Care Insurance Date:  2/25/2003  10:41 PM
Author:  iamdb Number:  8367 of 20640

As an alternate of LTC insurance, we are thinking of moving to a local retirement resort that has a flat rate for care, including nursing care. This place has been around for many years, enjoys an excellent reputation, and is located on the beautiful grounds of what was once a grand estate. It's just up the road from where we live now, and still within easy walking distance of the beach.

Entrance fee for a large two-bedroom apartment is about $400,000, with a monthly fee for two of about $4,000 that includes everything. The waiting list is three to five years, especially long for the larger apartments and cottages. We hope to get on the waiting list in a year or so, looking ten years out.

One caveat: You must be healthy when you enter and pass a physical exam by their physician.

An aside: Some of the residents own homes elsewhere, and use the place as a pied-a-terre in a beautiful location with ideal weather, a refuge from the harsh winters and summers of the mid-west or east coast.

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