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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: wilywilly who wrote (24468)3/9/2016 10:30:23 AM
From: MoneyPenny  Respond to of 34328
 
I'm trying to decide whether to renew my Genworth policy. It went up 18% this year over last and is roughly $6k per year now. I just turned 70, (eeek) and have no pension. Just ss and my ira and savings. I really can't decide. I have had it for about 5 years now. It's a difficult decision. Sometimes I think I'm throwing good money after bad and that Genworth will cancel all policies in the next few years. MP



To: wilywilly who wrote (24468)3/9/2016 4:46:57 PM
From: JimisJim  Read Replies (1) | Respond to of 34328
 
Yes, that about sums up our thoughts on LT care, too... /eom



To: wilywilly who wrote (24468)3/10/2016 7:18:40 PM
From: sm1th  Respond to of 34328
 
We've been through the same thing with my wife's mother - she had it, and when she tried to use it, it wouldn't pay for anything she needed.
My MIL dies about 4 months ago. She only need the LTC policy for less than 2 years, and it covered most of her expenses. She was relatively close to the max, and if she had lived another year or 2 would have run out. At this time, I doubt that we will purchase anything like that.


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