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Senior Advisor
Posts: 9,317
Registered: ‎05-10-2010
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Re: Self directed long term care

I'd say it is a good time to start now. Rates are lower at a younger age and that incapacitating calamity can happen at any time. Not just a disease overtaking your body but a car wreck or anothe accident can render you helpless.

 

A hundred or so in premiums are quite managable but $5K per month is not. It is not only protecting your assets but the futures of your children as well. WE have had long term care insurance for quite awhile as a result of in laws and parents requiring long term care. Fortunately they were prepared for it.

 

Meanwhile it is our hope that neither one of us need it but if wedo neither one of us will be impoverished because of it.