The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/29967997.aspx

Subject:  Re: Long-Term Care Insurance Date:  4/10/2012  1:32 PM
Author:  Hawkwin Number:  70523 of 76075

http://www.genworth.com/content/non_navigable/corporate/abou...

Il. private room cost is just under $70,000. That goes to about $85,000 for private alzheimer units.

Even at $9000/mo, a million dollars will last for 111 months -- 9+ years.

No doubt you can pay for this OOP, but in my experience, if you worked all your life to get to a million on deposit, most are more than happy to insure that for a few thousand a year from the risk of spending it down.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us