Ask Terry Questions Long Term Care Insurance

Long Term Care Insurance

By Terry Savage on July 13, 2024 | Insurance & Annuities

As suggested we purchased Long Term Care Insurance for my wife and myself in 2012,
when we were in our early 50’s. Rate increases began to happen after 5 years and are now 100% more than our original premium. Now at 65 the company is asking us to choose to severely reduce our coverage or face a 243% premium increase for starters. What are we supposed to do?

Terry Says

Copntact Brian Gordon of Gordon Associates at 800-533-6242.  You can trust his advice.

It happened to me, too.  He suggested the appropriate adjustment.

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