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Long Term Care Insurance - looking for input please Moderators: luluwhit, gotothewhip, cindyt, crossspur, ForumAdmin Jump to page :	Last activity 2016-05-29 11:06 PM 4 replies, 2775 views View previous thread :: View next thread
General Discussion -> Barrel Talk


GoMistyGo Reg. Feb 2004	Posted 2016-05-26 11:41 AM Subject: Long Term Care Insurance - looking for input please
Texas Taco Posts: 7499 Location: Bandera, TX	Hello All - I'm looking for some input on long term care insurance. We have no children and no family to speak off. We are still young and healthy (43 and 50), but we also have to think about what's to come in a couple of decades. Does anyone have LTC insurance? Thank you!
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Dreamin of 3cans Reg. Nov 2004	Posted 2016-05-26 12:51 PM Subject: RE: Long Term Care Insurance - looking for input please
JMHO Posts: 1869 Location: Oklahoma	My company offers Long term and Short term insurance. The thing with the long term is I had to buy into it when I was hired. I've been paying into it for 17 years and haven't needed it...yet. But, I have a horse habit and I'm accident prone.
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ruggedchica Reg. Oct 2003	Posted 2016-05-26 1:18 PM Subject: RE: Long Term Care Insurance - looking for input please
Life Saver Posts: 10477 Location: MT	Following......... We have talked of looking into it as well. We are both 41, without children.
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chicks2 Reg. Mar 2007	Posted 2016-05-29 10:52 PM Subject: RE: Long Term Care Insurance - looking for input please
Elite Veteran Posts: 926	I've been in the insurance industry for most of my life, 40+ years. Originally, long term care insurance was a little iffy. Now there are some enhancements that do more than just pay for LTC. Some may not need LTC, other's may need it for many years. Look for one that offer's some alternative, i.e. there is some benefit if you pay in for 10 years and then die in an automobile accident. So some life option that kicks in if you never use the LTC monthly benefit. There are many out there, just shop wisely and ask lots of questions. You don't want one that pays only a LTC benefit and if you pay in for 20 years and never use it there is nothing else. PM me if you have questions.
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GoMistyGo Reg. Feb 2004	Posted 2016-05-29 11:06 PM Subject: RE: Long Term Care Insurance - looking for input please
Texas Taco Posts: 7499 Location: Bandera, TX	chicks2 - 2016-05-29 10:52 PM I've been in the insurance industry for most of my life, 40+ years. Originally, long term care insurance was a little iffy. Now there are some enhancements that do more than just pay for LTC. Some may not need LTC, other's may need it for many years. Look for one that offer's some alternative, i.e. there is some benefit if you pay in for 10 years and then die in an automobile accident. So some life option that kicks in if you never use the LTC monthly benefit. There are many out there, just shop wisely and ask lots of questions. You don't want one that pays only a LTC benefit and if you pay in for 20 years and never use it there is nothing else. PM me if you have questions. Thank you. I was wondering if a regular annuity wouldn't be better? I could use it for other things if no LTC is needed or someone could inherit the annuity in case I die sooner than expected...
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