Assuming #4 plays out as you hope, then #s 5, 6, and 7 should be ok. But what if you need LTC next year? Year after that? There are other possibilities than old age that might involve need for LTC. Injuries from accidents, roberies, muggings, etc.? Undetected serious medical issues?
Nobody knows the unknown, but the purpose of insurance is to protect you from the unknown.
So I can't give advice, just something to ponder before making your decision.
edit: Another thot to ponder. If needed, $100k will go a lot further toward paying your expenses than it will 30 years from now.
Nobody knows the unknown, but the purpose of insurance is to protect you from the unknown.
So I can't give advice, just something to ponder before making your decision.
edit: Another thot to ponder. If needed, $100k will go a lot further toward paying your expenses than it will 30 years from now.
Statistics: Posted by cheese_breath — Thu Oct 31, 2024 12:51 am — Replies 1 — Views 92