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Re: Shared Policies

Posted by Marty Fitzpatrick on February 26, 19101 at 20:51:33:

In Reply to: Shared Policies posted by Michael Lansky on February 21, 19101 at 20:39:12:

: One agent my wife and I met with suggested that we add a rider to our policies that would allow us to share each other's benefits. We weren't sure how to think about this? In one way I guess it would be good in case one of us needed more than the average amount of care. But, we could also use up each other's benefits, too. Do most couples get this shared benefit coverage?

: M.L

My wife and I bought a shared policy through John Hancock. I figured that the chances of both of us needing care for longer than the averages was very slim. On the other hand, one of us could need care longer (but which one) I liked the idea. I thought it provided a lot of flexibility for the difference in premium (I think it was an additional 10%)

Follow Ups:

Re: Shared Policies : : One agent my wife and I met with suggested that we add a rider to our policies that would allow us to share each other's benefits. We weren't sure how to think about this? In one way I guess it would be good in case one of us needed more than the average amount of care. But, we could also use up each other's benefits, too. Do most couples get this shared benefit coverage? : : M.L : My wife and I bought a shared policy through John Hancock. I figured that the chances of both of us needing care for longer than the averages was very slim. On the other hand, one of us could need care longer (but which one) I liked the idea. I thought it provided a lot of flexibility for the difference in premium (I think it was an additional 10%)

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