No. of Recommendations: 0
ResNullius writes,

<<<The presenter said that if you had about $1M of assets (excluding your house) when you retired, that you'd be just as well off without a LTCI, jusr self-insure instead.>>>

This is almost exactly what Consumer Reports has been saying for years, including it's most recent update ofn LTCI. If you want to read a balanced analysis of LTCI, I would strongly recommend the series of articles in CR. You can access them at no charge at almost any public library.


I second the recommendation of the Consumer Reports article.

On the other side of the coin, if you have less than $300,000 in assets, a long stay in a nursing home would likely still bankrupt you even if you have LTCI. So why bother with the insurance?

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.