LXEX55
Recycles dryer sheets
May I ask who your carrier is, and any other details you woud feel comfortable sharing?
We do. Bought a group policy for each of us about 15 years ago when DH was an engineer for GM. John Hancock is the carrier, and a couple of years ago, GM terminated all involvement with it, but John Hancock allowed participants to convert the policy under the Continuation of Coverage provision. They've kept the premiums pretty steady, surprisingly.
I'm almost ashamed to admit that our total premium is <$200 a month, and that's for both of us, in our 60's. Every other year, we have the option of selecting an inflation increase, which we have all along.
Our daily coverage is $225, and we have a lifetime maximum of $410,000, each.
I feel very blessed to have this and hope John Hancock doesn't zing us.
We do. Bought a group policy for each of us about 15 years ago when DH was an engineer for GM. John Hancock is the carrier, and a couple of years ago, GM terminated all involvement with it, but John Hancock allowed participants to convert the policy under the Continuation of Coverage provision. They've kept the premiums pretty steady, surprisingly.
I'm almost ashamed to admit that our total premium is <$200 a month, and that's for both of us, in our 60's. Every other year, we have the option of selecting an inflation increase, which we have all along.
Our daily coverage is $225, and we have a lifetime maximum of $410,000, each.
I feel very blessed to have this and hope John Hancock doesn't zing us.
DW has LTC with CNA, who no longer sells policies, and I have the Fed LTC which is underwritten by John Hancock. DW recently received a letter asking if she wanted to reduce he plan to a cheaper premium (less coverage of course). She might when she's a little older, but for now she views the LTC policy as catastrophic accident insurance and won't reduce the coverage yet.