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URL:  http://boards.fool.com/you-might-want-to-reprice-that-i-dont-have-a-29968271.aspx

Subject:  Re: Long-Term Care Insurance Date:  4/10/2012  3:11 PM
Author:  g666k Number:  70526 of 75831

You might want to reprice that. I don't have a single client paying that little for the care of their spouse. The most recent client I met has her husband in such a unit paying $9000 a month - in the midwest.

My sole experience was paying for my mother's back in 2005, in Crystal Lake, Il. IIRC the Alzheimer's unit cost was $5000/mo.

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


At 4% return on the $1,000,000 and $9,000 the money should last about 11 years
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