REWahoo
Give me a museum and I'll fill it. (Picasso) Give
+1My policy has not had one increase in the 11+ years I have owned it. Who knows, 5 years from now it may be out the roof. If that happens, I might drop it. And if I do, I won't feel as though it was a bad deal due to the low cost and the plan did bridge a gap as Rewahoo pointed out.
Many ways to look at it.
We've owned our policies for 14+ years and also have never seen an increase. I'm fully aware that can change - and change dramatically - at any time.
Should the premiums increase to the point it no longer makes sense to keep the policies, one strategy I have considered is dropping the policy on DW and keeping mine in force. DW would probably have a far more difficult time living on a significantly reduced income if I required prolonged nursing home care than if the situation were reversed.
If necessary, I can do fine living out my remaining days in an RV out in someone's cow pasture...
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