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http://boards.fool.com/you-might-want-to-reprice-that-i-dont-have-a-29968271.aspx
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| Subject: Re: Long-Term Care Insurance | Date: 4/10/2012 3:11 PM | |
| Author: g666k | Number: 70526 of 72248 | |
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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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