The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: CCRCs that let you stay in your own home Date:  5/27/2019  10:51 AM
Author:  Rayvt Number:  93733 of 98507

The couple paid an upfront membership fee of more than $180,000 — and continue to pay about $1,000 a month — for a plan that’s 90% refundable if they terminate the contract. ... a daily benefit up to $402 to pay in-home caregivers..., with a maximum lifetime benefit of about $1.1 million.

I would worry about the financial viability of the plan and the company standing behind the plan.

Major insurance companies badly underestimated their costs of long-term-care insurance. Is Goodwin House at Home (GHAH) making the same error? How would you know that it isn't?
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us