long term care insurance

[gerrym51]

I'm relatively new to this site and have been reading old posts.

My wife and i bought LTC policies in our early 5 years ago.

we were 57/52 respectively. I am not going to shill for them-i obviously
thought they were necessary.

just some words of advice from someone who researched plenty.

1. buy from a company that has been in it a long time and is big.
price means nothing if it goes out of business.
( we purchased GE(now genworth). with careful research you will find
the other Big long term players.)

2. price in future is important reason -but- almost as important is ability
to qualify- they don't have to take. future medical problems may make
it impossible to qualify -even if your willing to pay the price.

remember- research,research research

gerry

[mickeyd]

Hey gerry,

Welcome here.

I long ago decided to self-insure on this risk. There are many folks her that disagree with me and believe that a LTC policy is a sane way to cover this kind of risk. Hope this does not become another thread of LTC vs non-LTC thinking.