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buy expensive policy or use inflation hedges?

Posted by Lisa Reynolds on May 10, 2002 at 23:01:49:

My husband and I are considering buying LTC group insurance from CNA through our workplace.
I wonder, though, if it would be better to get the most expensive policy now and lock in a lower premium
or to increase our coverage every three years with their inflation option. The problem is that our new
premium would then be at the new age bracket. I am 61 and he is 62 and about to retire. BTW, the group policy says nothing about a "shared advantage" (which Diane
wrote about in April. Too bad...

Follow Ups:

Re: buy expensive policy or use inflation hedges? ISAAC P. CALDWELL, III, CLTC, LUTCF 20:23:46 06/11/02 (0)
Re: buy expensive policy or use inflation hedges? Ron Downs 13:51:31 05/11/02 (1)
- Re: buy expensive policy or use inflation hedges? William C. Oetker 11:26:09 05/12/02 (0)

Re: buy expensive policy or use inflation hedges? : My husband and I are considering buying LTC group insurance from CNA through our workplace. : I wonder, though, if it would be better to get the most expensive policy now and lock in a lower premium : or to increase our coverage every three years with their inflation option. The problem is that our new : premium would then be at the new age bracket. I am 61 and he is 62 and about to retire. BTW, the group policy says nothing about a "shared advantage" (which Diane : wrote about in April. Too bad...

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