Whole life with LTC rider, yikes!
After reading the threads about LTC on this board, I spoke to a few insurance agents about LTC and whole life insurance w/ LTC rider option. I knew they would be expensive, but wow!
Iím 48 and DH is 52, non smokers, and average health, and I was looking at 500k policy which would cover up to 5 years of LTC. The cheapest quote I received was $1200 per month for the two of us. Obviously this may change based on medical exams, we may get declined for all we know. But wow, how do people afford LTC insurance??