Bob Brinker Free Discussion Site 59,820+: Re: Re: Re: Critical Mass

» BrianMcG - Re: Re: Re: Critical Mass

In response to Re: Re: Critical Mass posted by permabear:

From my own personal experience managing my grandmother's affairs (she passed away last year at age 94), I personally would not choose to purchase long term care insurance.

A few years ago, I was very aggressively solicited for LT care insurance by multiple salesmen. I did some reading on the subject and gave it serious thought, while stalling the aggressive salesmen. I never could come to a definitive conclusion, but the aggressiveness with which the salesman tried to sell me raised serious doubts in my mind. One persistently asked to come to my home. I consented and was given a slick pitch; when I demurred, the salesman showed his anger. It was pretty obviously a good deal for the salesman. I hope, of course, that I made the right decision. Now several years later, I am still in good health; I have several thousand dollars more in my investment account. Part of my thinking was my own family experience. None of my parents or grandparents ever needed LT care and thus would not have benefited from such a policy.

-- posted by BrianMcG