Nov 28, 2007
My employer will start offering LTC at the beginning of the year through Met Life. A few weeks ago, the reps were in and told us that there are no exclusions if we were to sign up during open enrollment, as well as no medical or financial underwriting questions/requirements. There are a few different coverages available, which I understand. The important question is is this something I truly need and would it be worth it? I've always heard that this coverage is quite expensive -- thankfully I'm in my late 20s -- but the upside is that one of the policies offer compound inflation for both reimbursement and cash policies and I know the younger one is, the cheaper it is.
What do you suggest I do? Get as much as I can possibly afford or get a basic policy that would offer me something, which is better than nothing? The other thing is that there are coverages for 1, 3, 5, 10 years and unlimited time.
I really don't how much of a benefit this would truly be considering I'm not sure what the cost is at this point. I have a one-on-one meeting scheduled with the rep in the beginning of December, but, obviously, I'm not about to tell him anything re my health situation and cannot trust that he would guide me in the right direction.
Thank you in advance for any suggestions you may have.
Response from Ms. Franzoi
I think this is something you should discuss with a financial planner.
re:hsbc life insurance
secondary insurance termination
- Symptoms Of Vaginal Bleeding Headache Low Back Pain Cramping
- What Is The Rate Of Death To Teens From Stds?
- Accidental Intake Of A Double Dose Of HIV Medication
- Can An Hiv-positive Person Attend Nursing School?
- Can Other Blood Work Tell You If You Have Hiv?
- Does Syphilis Affect Hiv Test?
This forum is designed for educational purposes only, and experts are not rendering medical, mental health, legal or other professional advice or services. If you have or suspect you may have a medical, mental health, legal or other problem that requires advice, consult your own caregiver, attorney or other qualified professional.
Experts appearing on this page are independent and are solely responsible for editing and fact-checking their material. Neither TheBody.com nor any advertiser is the publisher or speaker of posted visitors' questions or the experts' material.