Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > New Member Check-In
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
Thread Tools Search this Thread Display Modes
Old 03-19-2014, 09:35 AM   #15
Junior Member
Join Date: Mar 2014
Posts: 4
Originally Posted by tedgard01 View Post
Apparently you did not purchase some LTC insurance that was portable for your retirement years. You may want to lessen, or even remove this concern, by getting a hybrid life insurance policy. They are designed to provide triple the benefit for LTC over the life benefit. Simply talk to a good CFP regarding your options.
That's correct. We never purchased LTC insurance as small business owners. The Americans who seem to have them include corporate executives, federal, state, county and city employees. Friends who are professors at the University of Hawaii have LTC insurance. It is part of their compensation package.

Insurance companies miscalculated the future cost for care services, and that improvements in medicine and lifestyle will result in seniors living longer. The major companies are getting out of the LTC business by selling the policies to others. The new owners are changing the rules making it difficult for policyholders to collect. Read the fine print in notices sent. The rules and amount of coverage are changing.

If we try buying a policy today, as seniors with some medical history, it will be prohibitively expensive.

The solution for us is simple. The amount set aside to pay for expenses during our independent senior years is sufficient to pay for assisted living, skilled nursing and memory care services. We get the same quality at a lower cost by going overseas. Of course I am hoping we will be part of the 30% among the 65 years and up who won't need care services.

It's a fascinating subject. I am considering the possibility of doing additional research and writing an eBook. Maybe next year. First thing is to have lots of fun traveling across America now that we are retired.

JJReyes is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
South Dakota bradufault Camping Locations, Plans & Trip Reports 51 04-27-2014 08:31 AM
June Ontario to Alberta thru South Dakota. CanadianCrew Camping Locations, Plans & Trip Reports 3 02-24-2014 06:19 PM
National and State Park entrance fees in South Dakota? Born2RV Camping Locations, Plans & Trip Reports 3 02-02-2014 06:55 AM
South Dakota concealed carry permit osgoor Full-Timers 6 01-14-2014 10:15 PM

» Virginia Campgrounds

Reviews provided by

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 06:28 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.