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Old 10-02-2019, 04:06 AM
  #1  
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Default Long Term Care a good plan? Cover parents?

Thoughts on the UAL LTC coverage? I am looking in to possibly purchasing this coverage. Would love to hear thoughts.

I heard you can cover your parents?!? I didn’t hear that in the brief. Any thoughts on that?
zzuroweste1 is offline  
Old 10-02-2019, 02:42 PM
  #2  
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Originally Posted by zzuroweste1 View Post
Thoughts on the UAL LTC coverage? I am looking in to possibly purchasing this coverage. Would love to hear thoughts.

I heard you can cover your parents?!? I didn’t hear that in the brief. Any thoughts on that?

The ship has sailed on Long Term Care Plans. They were a good deal 20+ years ago, now not so much. The benefit is low for the premium paid. I used to sell them in a prior life, the ROI just isn’t there anymore.

If you can afford to purchase one and fully fund it, you can afford to self insure in my opinion.
clubord is offline  
Old 10-02-2019, 06:06 PM
  #3  
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Originally Posted by clubord View Post
The ship has sailed on Long Term Care Plans. They were a good deal 20+ years ago, now not so much. The benefit is low for the premium paid. I used to sell them in a prior life, the ROI just isn’t there anymore.

If you can afford to purchase one and fully fund it, you can afford to self insure in my opinion.
Agree...may be one thing if you are about to retire but if you have some time to go those premiums might be better served invested elsewhere.
Knotcher is offline  
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