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[quote=Anonymous][quote=Anonymous] Another thing you can do is go into one of those places with levels of care. You give them a large sum upfront (usually selling your house gets you the sum) and then you pay per month a reasonable amount for the rest of your life. I believe they invest your house money and then some of it is returned upon your demise. [/quote] These are called CCRCs, continuing care retirement centers. Those up front fees are essentially the same thing as giving the mmagemebtbcokpnt an interest free loan, and that’s fine - as long as they stay solvent. They’re regulated by state insurance boards much like LTC policy issuers, so you’re not insulating yourself from anything by doing this. You still need to do your homework. [/quote]
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