Contributed by 1stMill | October 10, 2005 01:02 AM PST
Morningstar recently published an article titled "The Ins and Outs of Long-Term Care Insurance." The article addresses 11 questions you should answer prior to investing in LTC insurance coverage.
Personally I believe that LTC insurance is an expensive, but worthwhile investment. Read Morningstar's article. Learn the specifics of my MetLife LTC coverage.
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Enjoy the latest personal finance news and commentary at PFBlog Network.
What age should you buy long-term care insurance? (November 10, 2005)
Recently a reader asked what age I thought was ideal for buying long-term care insurance. In this post I share my thoughts on the pros and cons of buying at a younger age vs. waiting until retirement. The majority of people hold off shopping for ... Read
Long-term Care Insurance: How much is too much? (July 29, 2005)
This heading appears on a linked article originally published by the New York Times. For anyone considering LTC insurance, the article contains a number of good points including: 1. Instead of buying maximum protection, consider scaling back on some of the bells and whistles. Doing ... Read
View MetLifes Long-Term Care health-screen questionnaire (July 10, 2005)
Thanks go out to reader Steve who asked: How's the long-term care application process? Steves question came in response to my recent post titled "Just Paid My '05 Long-Term Care Invoice." The process was very similar to when I applied for individual medical insurance ... Read
I helped to publish a website that explains a little about long-term care insurance, and I'm wondering what the ideal age to consider getting it is. For myself, I'm thinking I would wait until I retire and don't have any good prospects (read: children) with whom I can stay for free.
Easton,
Check back in a few days. I will create a post listing the pros and cons of buying early.
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