Talk of The Villages Florida - View Single Post - Long Term Health care policy increases??
Thread: Long Term Health care policy increases??
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Old 07-15-2012, 11:32 AM
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jane032657 jane032657 is offline
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Quote:
Originally Posted by jrheydt View Post
My son was bugging me to take out long term care insurance. After looking into it I decided to pass. I told my son that since he would be the beneficiary of my long term care insurance in case my wife and I were incapacitated that he should pay the premium. That ended that conversation.

John
My husband the CPA tells ALL his clients that the kids should take out the LTC policy on their folks, it is their inheritence, the kids inheritence, that the kids would be protecting! Of course, we took out our own because our kids are still young and career building but it is good advice. I wish my sisters and I had taken out LTC for my folks, or that my folks had done it because it is hard being the responsible daughter trying to financially plan in what was my parents best interest until my dad passed, and now my mom's best interest as she turns 90 without extensive resources except my husband and I when the money runs out one day, should she live a long life. And of course we wish her to live long and enjoy The Villages when we get her there next month!