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Subject:  Re: Avoid Long Term Care Insurance Date:  1/21/2004  10:54 AM
Author:  billjam Number:  38666 of 88775

Article in Kiplinger's Magazine within the last couple months said insurance companies are re-assessing LTC insurance. Some are cutting back coverage in their policies or no longer offering it at all. As CR warns, some companies won't be around by the time you need to collect.

My feeling is that insurance companies got into this as a way to collect premiums but have limited claims experience for setting premiums. It's probably good coverage to have for some people but stick with the very largest providers and be sure you understand what is and is not covered.

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