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Take heart - I recently inquired of my investment advisor about Long Term Care policies. He said that he (and the corporate offices of this investment group) did not think I should "waste" my money on such a plan. His reasoning was along the lines that the policies are too expensive compared to 'probable' benefits received.
He gave all kinds of facts...... I recall him saying that studies show that the 'usual' stay is only about 60 days. It seems that very few people actually spend much time in a long term care insurance qualified place. He went on to say that people who can afford the premiums can already afford to pay for such care; and that folks who might need the insurance - can not afford the premiums!
He said that (if I was really concerned about being able to afford such care if needed) it makes more sense to set aside some $25,000 - that is invested for the long term, to use 'in case' it was needed - and not to toss $25,000 - 35,000 into a 'hole' that I would likely never use and I would just lose my money on premiums for services never needed.
Just an fyi. Everyone is different...... so check and see what your investment advisor 'advises'.
I think your investment advisor makes a whole lot of sense. Insurance is gambling! You're gambling that you may need them, and they're gambling that something will happen to you! Amazing isn't it? I would rather do as your advisor suggested, and invest $25K (long term), at least it's tangible should you need it. Good sense! Have a great day!