No. of Recommendations: 0
We were considering a policy through DH's work. It's an inflation-adjusted policy, so the rates don't go up, but the benefits do. So at age 38 our monthly premiums would be $38 each. And the policy has non-forfeiture (is that correct?) where you will still receive some benefits even if you quit paying the premiums. But we're torn because we're so young, but then they tell us that 1/3 of the LTC claims are from working-age people. If we buy the insurance now, the total amount that we would have paid in premiums by age 80 would be substantially less than if we wait until age 55. But the industry could change significantly over the next decade or two. So we're not sure what we'll do. Thoughts?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.