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<blockquote data-quote="bacha29" data-source="post: 4249619" data-attributes="member: 58386">She was 5 days short of 91 and would have outlived the LTC if she had it. And when LTC came on the market she likely would have been too old by that time to find an insurer to write her policy .Like any insurance contract LTC only pays a limited amount of money for a limited amount of time and is only in play for as long as you can keep the premiums payed and given the amounts quoted doing it year after year is a tall order indeed. And insurers didn&#039;t come up with that insurance product with the intention of losing money and rest assured they won&#039;t &nbsp;FYI Medicare and her Medicare supplement her savings along with my help took care of everything and to your relief there was not a cent of Medicaid money involved. Now does that make you happy?Moreover, Medicaid in this situation doesn&#039;t kick in until the individual is down to their last $2000 in assets. You&#039;ve given them everything else you have. What more does the public interest have a right to expect from them? LTC can postpone but not eliminate having to face that reality. it&#039;s why people instead buy far less expensive life insurance. When they&#039;re gone estate recovery laws can come in and get whatever is left ..</blockquote>

[QUOTE="bacha29, post: 4249619, member: 58386"] She was 5 days short of 91 and would have outlived the LTC if she had it. And when LTC came on the market she likely would have been too old by that time to find an insurer to write her policy . Like any insurance contract LTC only pays a limited amount of money for a limited amount of time and is only in play for as long as you can keep the premiums payed and given the amounts quoted doing it year after year is a tall order indeed. And insurers didn't come up with that insurance product with the intention of losing money and rest assured they won't FYI Medicare and her Medicare supplement her savings along with my help took care of everything and to your relief there was not a cent of Medicaid money involved. Now does that make you happy? Moreover, Medicaid in this situation doesn't kick in until the individual is down to their last $2000 in assets. You've given them everything else you have. What more does the public interest have a right to expect from them? LTC can postpone but not eliminate having to face that reality. it's why people instead buy far less expensive life insurance. When they're gone estate recovery laws can come in and get whatever is left .. [/QUOTE]

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