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Trying to avoid nursing home owning parents home??
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sonic
Posted 1/3/2019 07:58 (#7216770 - in reply to #7216717)
Subject: RE: We have recently unveiled a new long term care policy that


Boone & Crockett - 1/3/2019 08:36 is unlike anything I’ve ever seen. It’s a single premium, guaranteed issue policy. So, do as Martin said above, buy the house now for cash, and use the proceeds to purchase as much long term care coverage as it will buy. Coupled with social security, good chance she can still pay her own way. House remains in family as everybody wishes, just not going to be for free. No need for lawyers. I could have all this taken care of in a month if You are serious about getting something done.
  is there a age limit for buying long term card coverage.  spoken like a true insurance salesman.   What kind of premium are you talking about for a 80 year old female.  just rought estimate.   I guess it would be cheaper to pay the nursing home then the long term care insurance.   When I checked, the premiums were out of this world.

 

also what are the limitations on the policy.  do you have to pay so many years before you can collect on the policy.



Edited by sonic 1/3/2019 07:59
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