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Honored Contributor
Lucky Charm
Posts: 15,122
Registered: ‎03-09-2010

Re: Assisted Living Advice

‎08-16-2023 09:38 PM

I paid $1689 a year for over 10 years. 

 

I was advised of a price increase of $600 that could be paid over 2 years time.  So last year I paid $1989 and this year I will pay $2289 and that's what it will be till......?  

 

I get a discount for paying in one lump sum and when I was notified of the price increase they gave me a figure if I wanted to cash in on the policy, which I wouldn't do, or to decrease my premium, I could drop the amount of time the policy runs for (5 years) or cap the amount they would pay out a year, which I also declined.

 

My husband has a policy through a different company and pays a bit more, but he didn't get it until a few years after I obtained mine and he is almost 4 years older than me.

 

My parents have LTC policies and I was thrilled when a credit union offered us discounted rates.  They got theirs through a senior group they belong to.

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