Focus
Full time employment: Posting here.
- Joined
- Oct 10, 2009
- Messages
- 640
Just got a 19% premium increase letter from my LTC provider. I believe even my new premium is considered quite low ($82/month), since I signed up in my 40s before things went south in the industry.
Nevertheless, I'm wondering whether to take the "contingent nonforfeiture" option. Under that option, I make no more payments, and the waiting period and daily max benefit stay the same, but the lifetime max benefit is reduced.
I'd be curious to hear your opinion on this. Has anyone taken this option?
Nevertheless, I'm wondering whether to take the "contingent nonforfeiture" option. Under that option, I make no more payments, and the waiting period and daily max benefit stay the same, but the lifetime max benefit is reduced.
I'd be curious to hear your opinion on this. Has anyone taken this option?