The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/a-new-client-i-have-female-has-an-existing-ltc-29970037.aspx

Subject:  Re: Long-Term Care Insurance Date:  4/11/2012  12:15 PM
Author:  akck Number:  70531 of 78166

A new client I have (female) has an existing LTC policy bought years ago but her husband didn't get one at that time. His care now costs her $9000 a month and it is quickly burning through their life savings. They used to have about $500k. They are now down to about $300K. This horrible situation puts the wife in a position she never wished to be - where she would be better off if he died sooner rather than later.

I'm guessing they did w