Tuesday, June 2, 2009

Including a COLA benefit to your Long Term Care Insurance Policy is a Waste of Money

Consider this: a 55-year old individual has $1,800 a year to spend on long term care insurance. Here are his 2 options:



In this example, why would anyone in his or her right mind buy option 1?

Equally important, why would any financial advisor or insurance professional recommend option 1?

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