Long Term Care Insurance
We met with a LTC salesman a few months ago and went through the process of qualifying for Long Term Care insurance at what he claims are the "lowest rates available" due to our "incredible" health (did I mention that he was a salesman?) Despite these "low" rates, they still seem pretty high to me and I'm not sure of its value. I am wondering whether it is the right thing to do to commit to payments of this sort for the rest of our lives. On the other hand, I can see the risk of not having it and if one or both of us end up needing to stay in a long term care facility (or have in-home care).
What is the collective wisdom about LTC among the TOTV community? Are you grasshoppers or ants?
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