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Money and Finances
Reply to "Federal Long Term Care insurance?"
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[quote=Anonymous]There have been many threads on this topic, and most of them were filled with people with stories of parents who got huge increases in premiums right as they got to the age when they would actually need the insurance. If you do an online search on this topic, you'll find lots of articles that predict that most of these funds are underfunded, and will be seeing big premium increases as boomers age. Also, read the details of the policy. Most policies only pay care expenses for a limited amount of time. I've never met a financial advisor who thinks LTC is a good investment. I'd be suspicious that your advisor is earning a commission. [/quote]
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