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The new November 2003 issue of Consumer Reports magazine has a five page article on Long Term Care Insurance. It is an investigative-type article. Do you need it, when should you get it?
I haven't read it all yet. Looks like a lot of good info I have not seen anywhere else. A couple sentences did jump out at me...
"Insurance agents, however, wax on about the policies' benefits, often pushing plans on people in their 40s. And no wonder. Agents can reap hefty commissions - 50 percent of your first year's premium and 10 percent of your payment for every succeeding year."
Now, this isn't a good reason to skip the whole idea entirely forever.
Should be an interesting read!
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
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