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Reply to "Long term care insurance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there is a pretty narrow segment of the population that can benefit. The majority of people are too poor to afford these policies. People with significant wealth don’t need them as they can self-insure more cheaply, or rather the net impact of very high costs for a prolonged period will just be a smaller inheritance for their children. [b]For those in the middle, say a couple with a total net worth of $400k to $800k,[/b] it might be worth looking into.[/quote] I'm the poster above you and everything I've read puts those numbers as higher--more like in the 800-2.5m range as the range that could potentially be the ones who need it--and some of the calculators I've used seem to bear this out. What makes you think this is the range? I'd love to think I'm rich enough not to bother with it :).[/quote] Sorry. I just came up with numbers that seemed plausible to me off the top of my head. I would probably go with the “everything you have read”. [/quote]
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