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Home Forums Health Long-term care insurance. Yes or no?


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    • #1965

      Everyone I talk to about long-term care insurance seems to have a different recommendation depending upon what they are trying to sell me. Is there any objective resource I can use to figure out what is right for me and my wife?

    • #2553
      Courtney Cohen

      My partner and I have purchased this because we both have a family history with Alzheimer’s and dementia. We want to make sure we are set up for long term care and it doesn’t fall on our children or the other.

    • #2652

      We just found a policy that my father (who died 13 years ago) bought for my mother — and have just been approved for retroactive payments back to 2017. This has extended my mother’s estate savings by about 3 years. The policy dad bought was John Hancock Long Term Health Care. It has been a godsend for us!

      My husband and I just hired a financial planner — and her first recommendation was to purchase LTHC.

    • #3101

      STRONG YES!!! My father in law bought LTC insurance in the late 80s and it saved us thousands up until his death earlier this year. I am 61 and my financial planner told me to dump all other life insurance and by LTC now ( our kids are grown and our mortgage paid off which is presumably what life insurance would have covered) for my later years. As a teacher I got a really great policy at a very low rate. I totally recommend this.

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