No. of Recommendations: 0
I keep reading about insurance companies getting out of LTC. Most took a shot in the dark when they priced initally it and got it wrong. Too many buyers paid for several years only to find premiums became unaffordable just when they were getting close to using it.

I applied several years ago and got turned down because I wasn't seeing a physician at the time. I even had a physical at the insurance company's expense that showed everything was normal but they still would only cover me at a premium far above their advertised price. Even the agent advised against accepting that reaming.

Glad now that I didn't get the coverage. I'm better off funding my own care.
Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.