Skip to main content
No. of Recommendations: 1
My parents both had LTC insurance, and for them it was the best investment ever. My dad spent 9 years in a nursing home ...You can't get the policies they had,

They got an excellent deal because the insurance companies grossly mis=priced the policies. They thought that they were selling hamburger, but it turns out they were selling prime grade steak at hamburger prices.

Nine years in a nursing home is a long time, but hey, my dad did it.

That's why Las Vegas casinos tout the people who win $1,000,000 at Keno or bingo. Gets everybody to think that this could be them, and ignore the statistically likely outcome.

As a great man once said, "No one here gets out alive."
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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.