For those of you still working, IMO the best time to get LTC is through a company supported plan to get a group rate. Despite all the bad publicity, we got LTC while working. I think we've had it 7-10 years. I've had only ONE increase in that time, to the tune of 5 or 8 dollars / month. Like homeowners and health insurance, I hope neither of us ever use it. I am not trying to get my money back .. it;s whats known as a hedge.. in no way do i consider it in any form an annuity .. its Insurance. Based on what my father paid in an assisted living facility when he could not perform many ADLs (Activities for Daily Living - look them up), my total premiums paid to date for both of us would equate to 4 or 5 months in a facility. I'm willing to pay the premiums to hedge that cost. a personal financial decision everyone has to make
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