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| There are "hybrid policies" out there now that provide a death benefit in case you never use the long term care portion. You purchase it with a lump sum payment up front and one of the advantages is that they can never increase the premium on you. That's pretty important because these recent premium increases are primarily due to 2 things. 1--people are living longer and spending more time in nursing homes than what insurance companies predicted and 2--the cost of nursing home care is increasing faster than what they predicted. Insurance companies have been increasing premiums hoping that people will drop their policies, but in fact what they are finding is that people are paying the higher premium. Doesn't speak well for future premiums. | |
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Long Term Care
