Skip to main content
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.
Print the post  

Announcements

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.