Doesn LTCi cost a lot?
A. That depends on how you look at it. It becomes less affordable as you get older, and it is possible to have an occasional (not yearly) rate increase as health care rates escalate. If you take it out while you are in your 50s or 60s, you can assume that the amount of money it would take for one month in the nursing home will pay for 2 or 3 years of premium. No other form of insurance anywhere has so great a return.
