The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-do-not-have-a-long-term-care-policy-at-all-29922678.aspx

Subject:  Re: What I hate the most Date:  3/20/2012  11:46 AM
Author:  inparadise Number:  115570 of 121338

I do not have a long term care policy at all. Apparently people tend to need less than 2 years of it anyway, since they die then. Of course, that is on a statistical basis. But would I be better off to self-insure and save the premiums?

We have opted to self insure, even after seeing how expensive it is to pay for care. We also saw how little long term care insurance paid when that care was needed. None the less, it is hard to justify paying the premiums for the insurance for all those years, just to cancel the insurance when you are most likely to need it. Not logical. A small amount of thought would have reached that conclusion.

We are our own worst enemy as we age.

IP
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us