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How foolish is it to invest in long term care? Any other fools want to discuss this one? My wife and I are about to retire (57+) and have a reasonable nest egg set
aside, enough to live on comfortably if not lavishly, assuming basic economic health. I'm serioulsy considering buying a LTC plan ... I'm thinking of it pretty much as
a kind of insurance for our assets, with the only real downside being that we lose the potential use of that money (about 40K) for some time. Seems like a pretty
safe bet, either to get the basic principle plus small interest back if we don't use it, or as death benefit for heirs. My questions: Is there anyting more to this than
meets the eye? Anything to be careful about before investing? Is there much difference between different programs or companies? Do you need to shop around?
Anyone have any real experience or knowledge about this or want to talk about it? Peter



If paying cash for long term care will decrease your life style I would consider buying the insurance.

I have seen good articles on this subject but can recall none. Maybe Kipplinger. Try a search of the web.

Yes shop shop shop.

Find out how you qualify for care. Dr. has to certify that you can not do cetrain things, etc. This is probably the area of bigest differences between policies.

Consider inflation adjusted benefits.

Will the policy provide home care?

If you move to a retirement community that provides health care, how does that affect your policy.
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