My elderly mother has it, and I'm sure it will be a great help. I'm considering it for myself (I'm currently in my 40's), but am not sure. I've been reading stories about skyrocketing premiums, companies no longer carrying it or going out of business, etc. It sounds like such a gamble. I don't have children, and am thinking that for my own situation, it may be better to exhaust my funds when the time comes. What are your thoughts?
My BF's mom had apolicy and it has been a life saver, she is in a really nice ALF, she is closeby enough that he can visit at least weekly, oftem more. During his work week, he does not have to worry anout her safety, can concentrate on his work and earns well and can treat her to mini vacations and nice outings. She misses her condo, but being clear minded she gets the value of her safety adn her son continuing a normal life. The premiums will be more than recovered, this is likely one of the best investments this family could have made,
Starrysky--yeah, I've heard that this is the case. I tend to err on the side of being "overinsured" with other things, up this coverage, for my own personal circumstances, I may decide to forego.