No. of Recommendations: 0
The bolded part is the key point. Anyone using your parents' experience with LTC insurance as a model for today's policies is likely setting themselves up for a bruising.

I've been paying into LTC for over 20 years and if I need it I fully expect the company to honor its obligations. Nothing I've read leads me to believe otherwise. They are well capitalized and have been paying high dividends on my life policies without fail even with low interest rates (my policies guarantee 4.5% return on dividends left to accrue). Years ago I had a fairly significant umbrella claim and it was also handled just fine.

Best,

Bill
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