Banned LTC Salesman
Recycles dryer sheets
... which are of the type you cannot find anymore.
What do you mean by this?
What type is it that you "cannot find anymore"?
... which are of the type you cannot find anymore.
Looking at the average length of stay chart below, 2-3 years coverage should be adequate for almost everyone.
There are references throughout this thread and others that mention LTC products which provide a lot of bang for the buck, but are no longer available.Banned LTC Salesman said:What do you mean by this?
What type is it that you "cannot find anymore"?
There are references throughout this thread and others that mention LTC products which provide a lot of bang for the buck, but are no longer available.
For example, the policies I mentioned are paying a lifetime benefit of approximately $475K over a five year period. That is to each policy holder. I am not considering LTC, but have assumed something like this in no longer available, or the premiums are such that most can no longer afford it.
Maybe I am wrong?
That sounds like their costs in early sixties, but I don't have records that go back that far.Banned LTC Salesman said:a married couple I know in their early sixties recently bought a million dollars of LTC insurance for about $2,000/year per spouse.
I googled "lifetime/unlimited" long term care insurance and found that there are policies like that for sale, too. I don't have a lifetime/unlimited one, but they are available.
That sounds like their costs in early sixties, but I don't have records that go back that far.
In their mid 80's (2011), the yearly premium had grown to about $8500.
Banned LTC Salesman said:The policy they purchased is the kind that does not have premiums that go up every year. The company they bought their policy from has never had any premium increases on any of the LTC policies it has sold.
I made a special google incantation: "lifetime/unlimited" long term care insurance scott olsonBanned LTC Salesman said:a married couple I know in their early sixties recently bought a million dollars of LTC insurance for about $2,000/year per spouse.
I googled "lifetime/unlimited" long term care insurance and found that there are policies like that for sale, too. I don't have a lifetime/unlimited one, but they are available.
I made a special google incantation: "lifetime/unlimited" long term care insurance scott olson
Sooooo, when you say you bought long and thin policies for you and spouse, who did you buy that from? What company did the agent represent?