Single Premium LTC Insurance?
Anyone here have any experience with single premium long term care (LTC) insurance? Many years ago, my siblings and I went in together to buy LTC insurance for our parents with periodic premium payments. The state of California has seen fit, however, over the past several years to let Penn Treaty, my folks' insurer, raise the premium rates by double digit percentages on several occasions. Now my wife and I are thinking about LTC insurance for ourselves, and I was hoping that single premium might somehow be exempt from future raises. Wishful thinking on my part, I know.