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Reply to "Should I apply for Federal Long Term Care before they close in a few days?"
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[quote=Anonymous]The Federal Long Term Care insurance is closing to new applicants on December 19. Let me know if it sounds worth it to get it: - 48 years old - good health but overweight so chance I won’t pass underwriting - will have a federal pension and $1-2M in retirement when I retire in 10-15 years - 1 DC who I’d like to have some inheritance Here’s a sample policy choice, but there a a bunch of other ways to quote it: $250 /day Daily Benefit Amount 5 years Benefit Period $456,250 Maximum Lifetime Benefit ACIO 3% Inflation Protection I’m just afraid if I don’t apply now, they won’t open it back up for new applicants. Thoughts? [/quote]
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