Comments on: How and Why I Bought Long Term Care Insurance http://gotoretirement.com/2008/11/how-and-why-i-bought-long-term-care-insurance/ A Baby Boomer's Journey from Retirement Planning to Retirement Living Wed, 10 Mar 2010 20:21:47 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Scott A Olson http://gotoretirement.com/2008/11/how-and-why-i-bought-long-term-care-insurance/comment-page-1/#comment-8 Scott A Olson Thu, 04 Dec 2008 15:51:13 +0000 http://gotoretirement.com/?p=38#comment-8 I know that it is contrary to conventional wisdom, but generally speaking, a married couple, that is healthy, can get significantly better benefits by buying an individual long term care insurance policy, rather than buying a policy through an employer or association on a group basis. In your case, however, it certainly made sense to go with the group coverage because of the "simplified underwriting" for your wife. Scott A. Olson I know that it is contrary to conventional wisdom, but generally speaking, a married couple, that is healthy, can get significantly better benefits by buying an individual long term care insurance policy, rather than buying a policy through an employer or association on a group basis.

In your case, however, it certainly made sense to go with the group coverage because of the “simplified underwriting” for your wife.

Scott A. Olson

]]> By: Dane Petchul http://gotoretirement.com/2008/11/how-and-why-i-bought-long-term-care-insurance/comment-page-1/#comment-7 Dane Petchul Thu, 04 Dec 2008 15:50:07 +0000 http://gotoretirement.com/?p=38#comment-7 Great article! Too often we see either denial or procrastination on the subject of long-term care. The realization is that most of us will need long-term care sometime in our lives. It's hard to imagine what we will be like 30 years from now. It is important to get the information from a Long-Term Care Specialist, one with no bias toward any company. This financial crisis has changed many people into thinking that they do need to create a solid long-term care plan. How do we get the point across of how important it is to have a plan in place well before a long-term care event occurs? Great article! Too often we see either denial or procrastination on the subject of long-term care. The realization is that most of us will need long-term care sometime in our lives. It’s hard to imagine what we will be like 30 years from now. It is important to get the information from a Long-Term Care Specialist, one with no bias toward any company. This financial crisis has changed many people into thinking that they do need to create a solid long-term care plan. How do we get the point across of how important it is to have a plan in place well before a long-term care event occurs?

]]>