[quote=zzz]i’ve struggled with the long term care policies and when they should be bought.
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I looked into it for the folks as well and found similar frustrations, hence the downstairs bedroom plan. Actually the downstairs bedroom plan has other benefits as well, I have a friend who’s wife had a serious leg injury and couldn’t get up the stairs for six months (unfortunately she wasn’t a convenient carry sized wife). They didn’t have a downtairs bedroom or shower, it was quite the unforseen ordeal.
I do have long term care insurance for myself but it is an employer sponsored program and they would not cover anyone but me for any amount of money, I bought it when I was about 30, paid the premiums for 10 years and now I don’t have to pay again ever but it is in force for life. I know it is not cost effective insurance, I know I could have taken the same dollars and invested them elsewhere and probably made more money, but it didn’t break me, from memory it may have been pre-tax and at least i know that 30 years from now my kids won’t need to worry about this stuff.
