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URL:  http://boards.fool.com/hi-folks-i-just-joined-the-fools-for-good-advice-18851928.aspx

Subject:  Re: Long Term Care Insurance Date:  4/4/2003  12:53 PM
Author:  msweet11 Number:  8401 of 19483

Hi Folks;

I just joined the Fool's for good advice and sharing some of my experiences.

I am 53 and retired from my first career at 51. At the time I bought LTC and had the option to pay more per month for 10 years and then I'm done forever. i loved that and have 7 years to go on it.

I have to say that reading and signing that LTC form was very hard for me. Let's see - how and when am I going to die? Will I be sick for long? Hard questions to face.

But I gulped and went ahead and did it. It's a fairly minimal policy $100 a day for 3 years - adjusted for inflation by 5% per year. And since then I feel so comforted that I have that policy-- it feels like a warm blanket to me as I get older and see some aging happening. I am so glad my Sig Other and I have this for each other.

I also chose to add a rider that says that if I use it - say for injuries from a car accident or something-- it will go back to the original amount again after 180 days. Seemed like a good thing to get seeing how I am relatively young.

I am wondering what the LTC specialists think about that rider? Was it a good decision and one you recommend?
Thanks for any opinions-
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