Talk Irvine

General => Economy & Finance => Topic started by: momopi on August 13, 2020, 10:35:28 AM

Title: Long term care insurance
Post by: momopi on August 13, 2020, 10:35:28 AM

Does anyone buy long-term care insurance?

Looking for recommendations.
Title: Re: Long term care insurance
Post by: nosuchreality on August 14, 2020, 08:22:49 AM
Inflation caps are killers.
Title: Re: Long term care insurance
Post by: aquabliss on August 14, 2020, 08:44:52 AM
I’ve heard some horror stories about LTI.  What if you pay this every month for 15yrs then all of a sudden your premiums double or triple and become unaffordable?  If you stop paying you forfeit all the past premiums with no benefits.

This has happened to a lot of retired seniors even if they were promised it would not.
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