From what I have learned, the sooner the better. With each day you wait, it seems that the industry changes so much and it's not for the better for the consumer. If I had waited a year, I would have had less options and a whole lot more cost. So it seems that sooner than later is the best way to go.
What is the Best Age to Buy Long Term Care Insurance?
- Thread starter bingo296
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- long term care
Arthur Rudnick
Guru
- 1,652
previously posted by xrac
Well, it didn't actually happen to me, I was just trying to make a point.
But, as I stated in a previous post, I do have a friend, who at the age of 44 was diagnosed with early onset Parkinson's. He started of receiving home care for 3 years and has now spent the past 13 years in an ALF. He was in the LTCi business and was smart enough to purchace a policy 2 years prior to his diagnosis. To date, his policy has paid out $1,500,000 and the claim is still ongoing.
Well, it didn't actually happen to me, I was just trying to make a point.
But, as I stated in a previous post, I do have a friend, who at the age of 44 was diagnosed with early onset Parkinson's. He started of receiving home care for 3 years and has now spent the past 13 years in an ALF. He was in the LTCi business and was smart enough to purchace a policy 2 years prior to his diagnosis. To date, his policy has paid out $1,500,000 and the claim is still ongoing.
I am 46 and am thrilled I own a policy. I am also thrilled I did a 10 Pay.
Arthur Rudnick
Guru
- 1,652
previously posted by ltcadviser
AND...................
I'm thrilled that you're thrilled!
AND...................
I'm thrilled that you're thrilled!
previously posted by ltcadviser
AND...................
I'm thrilled that you're thrilled!
I'm pretty much thrilled for everybody!!! (Except Rick, of course)
Arthur Rudnick
Guru
- 1,652
previously posted by tins
Don't worry about Rick. I think he thrills himself everyday.
Don't worry about Rick. I think he thrills himself everyday.
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