Looking at all the options, feel quite overwhelmed with the complexities of this LTC insurance stuff.
In my mind, I see traditional, Hybrid and self insured options.
Traditional LTC - quite expensive premium. premium may continue to go up every other year. Reading some other forums about traditional LTC, don't get a comfy feeling if the benefits come easily or not. Stringent requirements before you qualify for benefits etc. if you dont use it, dont get anything back.
Hybrid - Big upfront investment, locked in premuim, if you dont use it, my heirs will get some death benefit; works like life insurance.
Self insured - a friend of mine just educated me on this briefly. would like to research more on this option.
how much to set aside for LTC amount? do I need a trust fund? How to estimate the amount of money? what are the most pitfalls?
Any web page for this information? any guidelines/directions would be helpful.
Thanks.