Is your 'stuff' stressing you out? TV personality Matt Paxton has tips for downsizing and decluttering in our free, two-part webinar! Register now.

Reply
Valued Social Butterfly
0
Kudos
5494
Views

Re: Long Term Care - Love it or Hate it?

5,494 Views
Message 11 of 47

Tone of voice?     Snark?     Implications stupid?   Daring to spar?   

 

Sounds like a whole lot to be inferring after one poster asks another for clarification on what they meant by "vague".   (btw,  maybe you didn't realize it,   your response to that is technically a violation of the aarp TOS) 

 

Funny.   Out of the 5,951 users aarp claims to be online right now you seem to be the only one who finds me objectionable. 

 

 

Report Inappropriate Content
0
Kudos
5494
Views
Treasured Social Butterfly
0
Kudos
4601
Views

Re: Long Term Care - Love it or Hate it?

4,601 Views
Message 12 of 47

@drawpoker wrote:

So,  you wanted a calculator?    For what? 

 

$50,000 is,  well,  $50,000.     Seven figures is a million or more.   Six figures is,   well,  anything under $999, 999. 99  isn't it.  

 

Why so brittle?   I merely pointed out the link was not to be trusted,  it came straight from insurance companies eager to sell policies.   If you were fooled,   don't lash out at the messenger.  


It's not WHAT you say, but "the tone of your voice". Most comments you make imply that the person is stupid, and you're daring them to spar with you. If all you're going to do is make snarky comments, who needs to engage! I'd much rather enjoy the patriotic 4th of July music to which I'm listening ..


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
4601
Views
Valued Social Butterfly
1
Kudos
4323
Views

Re: Long Term Care - Love it or Hate it?

4,323 Views
Message 13 of 47

So,  you wanted a calculator?    For what? 

 

$50,000 is,  well,  $50,000.     Seven figures is a million or more.   Six figures is,   well,  anything under $999, 999. 99  isn't it.  

 

Why so brittle?   I merely pointed out the link was not to be trusted,  it came straight from insurance companies eager to sell policies.   If you were fooled,   don't lash out at the messenger.  

Report Inappropriate Content
1
Kudos
4323
Views
Treasured Social Butterfly
0
Kudos
4328
Views

Re: Long Term Care - Love it or Hate it?

4,328 Views
Message 14 of 47

@drawpoker wrote:

Okay.  

 

Still waiting for an answer.    What was vague about it?


Read the 2nd half of the sentence where I said it was vague.


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
4328
Views
Treasured Social Butterfly
0
Kudos
4343
Views

Re: Long Term Care - Love it or Hate it?

4,343 Views
Message 15 of 47
@drawpoker wrote:

Vague?   What was vague?   

 

..


Do you realize that most of your responses start by sounding like you have a chip on your shoulder? We're all entitled to have different opinions about things, but instead of just stating your opinion, your responses sound like your dissing comments other people make.


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
4343
Views
Valued Social Butterfly
0
Kudos
4349
Views

Re: Long Term Care - Love it or Hate it?

4,349 Views
Message 16 of 47

Vague?   What was vague?   

 

It plainly stated if your soc. sec. and retirement accounts are under $50K you can't afford LTC insurance.  If you have a net worth in seven figures,  you don't need it.   If you fall in between,  yep,  you're in . 

 

The problem with this link is that it is run by a consortium of insurance companies who are out to sell LTC policies to as many people as they can.   So it can hardly be considered an objective,  or,   neutral,  unbiased,  or even reliable,  source of information,  can it.   

 

As the old saying goes  -     Ferggettaboutit !   People can find plenty of better sources for this subject by researching articles in Money,   Kiplingers,   WSJ,   etc. 

Report Inappropriate Content
0
Kudos
4349
Views
Treasured Social Butterfly
0
Kudos
4353
Views

Re: Long Term Care - Love it or Hate it?

4,353 Views
Message 17 of 47
@mf5234 wrote:

Another reason why people are skeptical in buying long term care insurance is they think this is unnecessary. The truth is, this insurance is not for everyone but most Americans will need this. The best way to determine if you'll need this is by assessing your needs first and looking into your financial strenght. Here's a guide that can help you determine if long-term care insurance is right for you: http://www.ltcoptions.com/determine-long-term-care-insurance-right/.

Unfortunately, that article is pretty vague; I thought it might have a calculator & some questions!


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
4353
Views
Conversationalist
0
Kudos
4233
Views

Re: Long Term Care - Love it or Hate it?

4,233 Views
Message 18 of 47

One of the pressing problems about long-term care insurance is its high price hikes. I think the latest incrase was made by Genworth and it went as high as 90%. This is definitely big blow to your pocket, which will make you re-think if this insurance product is still worth it or not. I think this can be easily dodged if you've purchased your policy early or you've designed a policy that is small but can still benefit you in the future.

Another reason why people are skeptical in buying long term care insurance is they think this is unnecessary. The truth is, this insurance is not for everyone but most Americans will need this. The best way to determine if you'll need this is by assessing your needs first and looking into your financial strenght. Here's a guide that can help you determine if long-term care insurance is right for you: http://www.ltcoptions.com/determine-long-term-care-insurance-right/.

I hope this can help those who are in dire need of guidance and enlightenment.

Report Inappropriate Content
0
Kudos
4233
Views
Treasured Social Butterfly
0
Kudos
4578
Views

Re: Long Term Care - Love it or Hate it?

4,578 Views
Message 19 of 47

Because it can be such an important investment, it might be worth it to have an attorney review the terms of any LTC policy, before a person "signs on the dotted line" these days! I'm sure there can be a lot of misleading or vague items in it, that can make the actual coverage almost laughable.


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
4578
Views
Bronze Conversationalist
0
Kudos
4588
Views

Re: Long Term Care - Love it or Hate it?

4,588 Views
Message 20 of 47

This post hasn't been active for awhile, but I'll add my two cents worth.  Actually just a penny because I'm just dipping my toes into this one.  Mom with alzheimer's has a 14yr old LTC policy.  She accepted a rider which specified you "take into consideration" 5 of the 6 ADLs to qualify.  Wow, you have to be pretty out of it to be unable to do 5 ADLs for yourself.  I'm sure this made the policy affordable, but my fear is it also made the policy unusable.  Just that wording "take into consideration" seems so vague, it could be interpreted any way you want.

Assisted living here runs around 5k/month minimum.  You must have a pretty sizeable nest egg, or a crystal ball.  

 

Report Inappropriate Content
0
Kudos
4588
Views
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Announcements

Have a question about AARP membership or benefits? Ask it in the AARP Help Membership forum, Benefits & Discounts forum, or General forum.


multiple white question marks with center red question mark