Long term care insurance buyout
I think maybe I wasn’t clear in my original email about this. We took the buyout
On my husbands policy because we were afraid if we didn’t that the payments would go sky high and be unaffordable if we refused the buyout offer.. and then we would be out of the money then as well. It looks like my buyout offer is coming in the mail today along with my premium rate increase .. is it feasible to say that they could raise the premiums to an unaffordable range as they are trying to get out of the ltc side of the business ?
Terry Says
I will say again, all premiums are rising — except for those on policies that had a level premium guarantee. BUT there’s a big difference between taking the buyout offered, and other choices such as limiting the inflation protection or the years of coverage.
AGAIN– I can’t guess on what’s the best deal. Contact my trusted and dear friend, LTC expert Brian Gordon at Gordon Associates LTCI 800-533-6242. You can trust him to give you a clear menu of choices and the best individual advice.
