Good news if you've been declined for long-term care insurance?

So true. Sadly, very few financial advisor ever broach the subject with their clients. Not helping their clients properly plan for long-term care is malpractice.

@mikejwhelan Bought long-term care insurance for myself long ago & the reasonable premiums didn’t change for yrs. Now they go up 10% a yr (maximum regulators seem to allow), but I still hold onto it for dear life. Would pay $2K/mo. for home care, $2.5K for asst living, & $4K for nursing home.

@LassThoughts @superintoit @romanhelmetguy @PiningForAFjord That’s why you get long term care insurance… since most people will not live with their kids… since they’re sitting in the big homes the kids would need to help their parents

@brbrob1 @elerianm @TheEconomist Many move in with family, some have long term care insurance (7%), the truly poor have care paid for by Medicaid. Others will deplete some assets to pay for care. Again, I think this issue stretches out over 35 years but I have no crystal ball. I’m concerned about demographics

@TheStreet: Choosing long-term care insurance: AI’s take vs. a real expert’s https://t.co/OBlgeJSZvc

I wonder who the expert could be? Hmmm?

I've had several auto insurance claims paid (4 sons). Two (rather large) homeowner's insurance claims paid. Untold tens of thousands of dollars of medical insurance claims. My mother-in-law received nearly $300,000 from her long-term care insurance policy. Her and her husband's

@ButlerofThanos @_FlipMan She has long term care insurance, which is rare. Doesn't cover all. I've been through the nursing home thing with a number of family members - some private pay and some medicaid. The reality is, aging is a messy thing, and the vast majority of people won't plan it perfectly.

@RedDogT3 Recommend long term care insurance. It ended up saving my family an immense amount of money.

@JonLuskin @AndyHVandenBerg Disability and long term care insurance are the 2 most underutilized insurances on the health side. Those are catastrophic risks that can be mitigated on the front end for a relatively small amount in comparison to the damage that can happen.

@MjoincC @BarackObama The Affordable Care Act has nothing to do with the premium increases on your long term care insurance policy. https://t.co/ku1OsOjqg5

@edelnougat @chuck_nastyman @FistedFoucault It wasn't useless for my mother-in-law. She paid about $40,000 in premiums and received $280,000 in benefits before she passed away. Every year over 300,000 people receive benefits from their long-term care insurance policies. It's definitely not useless.

We as Gen X are getting older, and let’s be real — caring for our parents and preparing for our own future hits different. 💭 Long term care insurance isn’t just smart… it’s stewardship. 🙏🏾

We know that 80% of the people who need long-term care receive their care at home. Most of that care is provided by family members. There are no statistics of how long the average person receives care at home from a family member. Those statistics are unknowable because #family

Sadly, I’ve seen a lot of this firsthand amongst physicians. Docs - Please please stop believing insurance products are investments. They are not.

Me, a financial professional: “These cash value life insurance policies rarely work out for most people. I’d be super careful.” World: *crickets* NASCAR Champion: “I lost $8.6 million on cash value life insurance policies!” World: This is outrageous!

My mother-in-law's long-term care insurance policy covered the full cost of her care, except for the first 90 days. It wasn't a scam for her.

Smart choice! The @OneAmerica policy is one of the best available today. Unlimited LTC benefit period. Lots of premium payment options (pay to 95, 20 year pay, 10 year pay, one-time pay). About 10 different choices for inflation protection. Great policy.

Most financial planners don't think it through. I had a financial planner (a relative) tell another relative "don't worry... you've got enough to self-insure for long-term care." She's been receiving care for 10 years now. She has exhausted all of her assets and is now on

How much does long-term care insurance cost? Find out here: https://t.co/8prZyR4Tdw