No. of Recommendations: 0
ResNullius writes,

<<<The presenter said that if you had about $1M of assets (excluding your house) when you retired, that you'd be just as well off without a LTCI, jusr self-insure instead.>>>

This is almost exactly what Consumer Reports has been saying for years, including it's most recent update ofn LTCI. If you want to read a balanced analysis of LTCI, I would strongly recommend the series of articles in CR. You can access them at no charge at almost any public library.

</snip>


I second the recommendation of the Consumer Reports article.

On the other side of the coin, if you have less than $300,000 in assets, a long stay in a nursing home would likely still bankrupt you even if you have LTCI. So why bother with the insurance?

intercst
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