zlacker

>>wallfl+(OP)
> they each paid about $14,000 in annual premiums for 10 years, and the daily benefit started at $200 per day.

Insurance companies have to make money, but that's not that good of a deal, and the payout isn't that high ($73k annually) considering you won't be doing much else.

>>dehrma+vy
$140,000 in premium and $73,000/year in payout seems like a terrible deal for the insurance company.

Two sets of my grandparents have needed daily helpers for years. And that’s just for regular day to day care. Not in response to a particular trauma.

>>forres+zH
It is a terrible deal. Most don't offer LTC insurance anymore.