Ask Terry Questions Long Term Care Insurance

Long Term Care Insurance

By Terry Savage on October 21, 2023 | Insurance & Annuities

I currently pay for long-term care insurance. I am 68 yrs old, in good health and I have been paying for this insurance for at least 15 yrs and it has gone way up in cost. I currently pay $240/month. Should I continue to pay for LTCI? If so, should I freeze the amount I am now paying and also freeze any cost of living adjustments made to increase the benefits? Thank you.

Terry Says

Yes, this happened to me, too. Freeze the inflation protection to lower the cost. And if you want personal and specific advice, call my expert, Brian Gordon at Gordon Associates—
800-533-6252. You can trust him and there is no charge.



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