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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I purchased LTC in early 30s (now 50s) and pay $900/year for $50k/year coverage.  Unlimited coverage period.

I did it because a relative needed rehab care after an accident in their 30s
and LTC would have covered costs for their 6 months of rehab (or in my case…would cover some of the costs as those costs would exceed call it $4500/month though hard to know how normal insurance plays into it).

Figured it’s a small price to pay for some financial backstop and have assets to cover the rest (hopefully).[/quote]

That is not a big payout and you’ve been paying for 20 years? If you took that same money and just invested it by the time you needed it I don’t know how much of a difference it would be.[/quote]

Because you assume it’s only paying out when you are 70+ vs at 35 (hence the accident example).

This is what people keep ignoring about LTC…it covers you at any age.

How much do you pay for car insurance when you never have an accident, homeowners when you never file a claim?[/quote]

The likelihood is much higher that you’re gonna have a car accident or homeowner issue when you’re younger than that you’re gonna need LTC.  [/quote]

Not really...the fastest growing claimant group for LTC by far is 30-60 and the %age of claimants under 65 is now 35%.

The point is that most car accidents aren't massively expensive for the most part, and in fact most homeowners' claims aren't massively expensive either.  It's rare to have a homeowners' claim over $25,000 with the median at $15,000.

Obviously, people think of Florida and your house getting wiped out, which is why now those premiums are coming to $15k-$20k per year.[/quote]

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