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No. of Recommendations: 1
Our experience with this industry is they are big on promises but fight pay outs tooth and nail.

I hope to actually never find out how they are at paying out.

I think of LTCI similar to how I think about home owner's insurance. I have it to protect against the house burning down, and I really hope that it is wasted money and I never have to collect.

As my home owner's insurance isn't that much less than my LTCI, I think that's a reasonable analogy. And that brings up a curious question - for those of you who are saying I am paying too much for LTCI, do you no longer carry home owner's insurance once the house has no mortgage and self-insure against it burning down? Seems the amount of cash layout would be similar in the event of a disaster.
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