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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: Avoid Long Term Care Insurance Date: 1/21/2004 10:54 AM
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Article in Kiplinger's Magazine within the last couple months said insurance companies are re-assessing LTC insurance. Some are cutting back coverage in their policies or no longer offering it at all. As CR warns, some companies won't be around by the time you need to collect.

My feeling is that insurance companies got into this as a way to collect premiums but have limited claims experience for setting premiums. It's probably good coverage to have for some people but stick with the very largest providers and be sure you understand what is and is not covered.
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