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To Latinus:

In response to your message about Long term Care Insurance, you state that you looked into LTC protection about a year ago - I know you must not have looked the Largest LTC company out there to date which is General Electric Capital Assurance because your misinformed. First off most people don't have assets to cover this hugh cost(depending on where you live) you could be looking at 40,000 or up to 100,000 a year for home care or facility care. What about a couple that maybe on of them have a disease like Alzheimer's in the family history, HOW are they going to pay that for maybe 10-15 years? As far a wealthy person it only makes sense to transfer that risk as they do all risks!
You also state that there are forms to fill out, well with the GE plan there is a cooridnator that arranges for all home care, (someone to perpare meals,dress, bath,use the bathroom, shower,shave,move your body from place to place and much more) or if you need to be at a facility (assisted care or nursing home care).
Also this person fills out the cliams forms for you and will come to your home no matter where you live in the US. Granted some LTC insurance sompanies are now up for sell, but if you look at GE in business for 25 years and recently buying 90% of A Travelers company I don't think you have to worry about GE going BROKE! This company wrote over 594,000,000 worth of LTC insurance last year alone. Last to say-Medicare/caid DOES NOT pay for LTC now for a reason THEY CAN"T AFFORD TO, and in the future when the over 25 million baby boomers hit LTC how is medicare going to pay for this then- What planet do you live on? There is so much more information about LTC you should do better research on this matter before you gamble - If you do gamble get together at least 500,000 per person and find a VICTIM to arrange all your care for 4-5 years.
thank you.
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