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LTCI

Posted by Mike A on November 17, 2002 at 22:59:16:

My wife and I are in our mid 50s and are considering buying a LTCI policy to supplement our other incomes in case we ever need LTC. Our financial advisor has come up with a plan from Lincoln Life (Allstate) with a daily benefit of $50, no lifetime maximum, 90 day wait, home care same as nursing home and benefit compounding of 5% every year. We can go a 10 pay also or pay monthly/yearly. Premium for both of us is about $100, or $215 per month for the 10 pay. Does this sound reasonable? Thoughts comments? Thanks.

Follow Ups:

Re: LTCI Ron Downs 13:44:06 11/23/02 (0)
Re: LTCI Steve Eads, CLU 08:25:23 11/19/02 (0)
Re: LTCI Klaas DeWit, LPT, MBA 15:01:04 11/18/02 (0)
Re: LTCI DPoe 11:33:24 11/18/02 (0)
Re: LTCI Jim 11:05:41 11/18/02 (0)

Re: LTCI : My wife and I are in our mid 50s and are considering buying a LTCI policy to supplement our other incomes in case we ever need LTC. Our financial advisor has come up with a plan from Lincoln Life (Allstate) with a daily benefit of $50, no lifetime maximum, 90 day wait, home care same as nursing home and benefit compounding of 5% every year. We can go a 10 pay also or pay monthly/yearly. Premium for both of us is about $100, or $215 per month for the 10 pay. Does this sound reasonable? Thoughts comments? Thanks.

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