Long Term Care
Long Term Care insurance relies on the viability of the insurer (20+ years hence) and on the accuracy of their predictions on longevity of our generation.
The small print (the exclusion clauses) often leave room for the insurer to reject a claim. In that case they can extend the court case until after death.
This leaves the fight to those who inherit the estate and they are likely to settle for minimal money. They are busy with their own lives.
In addition, the insurance company often has the right to decrease payments if their actuarial experience is different than predicted.
These (and other) variables should leave us very hesitant to send premiums.
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