snic posted this applicable response previousl in this thread....Firstly, most of these policies are capped at close to $1M and all of these people easily have $1M to spare.
So wouldn't the more appealing policy have effectively something like a $1M deductible followed by unlimited duration and (more or less) unlimited payments?
"In a sense, 100% of us have LTCI. Its called Medicaid. It has a pretty high deductible, though (nearly 100% if your assets, whatever they may be). OTOH, the premiums are very affordable."
Statistics: Posted by smitcat — Sun Aug 04, 2024 2:26 pm — Replies 163 — Views 15804