Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Eldercare
Reply to "should we opt for the only long-term care option on offer?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm an economist. I think it's worth it. As you say, it's your only option available because for everyone else it's too risky. You need to weigh your risk of how bad the illness might get versus life expectancy. With Parkinson's the life expectancy is supposedly the same as normal, 81 years on average, so you might be looking at 20+ years of care. [/quote] Assisted living costs on the order of $66k a year now… obviously will be more in the future… $250k is almost four years of that… if you need 20 years of care you better have a Plan B. Also it’s not the only option, the other option is put the $100k in the market for ten years or so.[/quote] This. The pay out is only $250K so it won't cover a long period of care. I would skip it and invest the money. Plus that way you don't have to go through insurance to convince them to pay. They look for any excuse to not pay.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
