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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75337  
Subject: Re: Long Term Care Date: 3/27/2011 7:23 PM
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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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