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Reply to "Federal Long Term Care insurance?"
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[quote=Anonymous]I'm a Fed, age 52, looking at early retirement (separation) in a couple of years. My financial planner has been urging me to sign up for Long-term Care insurance (FLTCIP) - he thinks it' a good value. When I last looked at the program a few years ago, it had experienced significant premium increases and there was no guarantee that additional premium increases wouldn't be forthcoming. At that time I elected to self-insure, and build a $300K cushion into my financial planning to allow end-of-life expenses for at least a few years. But now I'm wondering if I should sign up after all. Does anyone have recent experience with the program & do you think it's a good value compared to self-insuring? [/quote]
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