I read once that if one has over 2 million in liquid assets, long term care ins might not be needed.
I also read that the average stay in such facilityis between 3-5 yrs
I got this insurance thru my employer when I was in my late 40's with the inflation provision in it, of course.
But you can go all out ( and pay thru the roof in premiums), bc there all all kinds of coverage and varieties of long term care insurance.
But it is, in my opinion, a very good thing to have and not need it, than the reverse.
My former employer used the company CNA and that is the insurance i still carry.
My advise:
Do this now bc once you fall ill, no insurance will accept you, no matter how much you pay. This has happened to my husband.
|