No. of Recommendations: 6
Interesting article on the demise of Long Term Care Insurance. Some policyholders are getting huge premium increases coupled with benefit cuts. Most troubling are the companies offering low-ball initial premiums with the expectation that they can greatly increase premiums after a few years and get many policyholders to drop coverage without ever filing a claim (while pocketing the premiums paid to date.)

LTC is another scam I'm glad I avoided.

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