I have a friend and he thought he was prepared. he bought long term care insurance and paid for in for years with one of the big companies. Well when he needed it, it would only pay $165.00 per day which is about half of what he needs which means his policy is worthless to get him care. Also he has no money saved . With no money you cant even get started to use the policy because you have to pay for the first two months before they reimburse you.
I have a friend and he thought he was prepared. he bought long term care insurance and paid for in for years with one of the big companies. Well when he needed it, it would only pay $165.00 per day which is about half of what he needs which means his policy is worthless to get him care. Also he has no money saved . With no money you cant even get started to use the policy because you have to pay for the first two months before they reimburse you.
watch4david 2 years ago
Try $6600.00 per month. That's the more like what it gonna cost
watch4david 2 years ago
Great video - very informative and has helped me to understand the need for long term care insurance.
adieshaw 3 years ago
Nice video! Good information on long term care.
cuncomm 3 years ago