A Combo Policy for Long-TErm Care

摘要

WHEN RICHARDBecker and his wife,Flora,now both 68,purchased long- term care in-surance in 1997,he thought of his father who died at 94 in an assisted living facility without benefit of such coverage.But as rates for the Pennsylvania retirees'policies soared- doubling in seven years-the couple calculated the cost of payments over the coming decades,then weighed their chances of ever collecting."We dropped it,"Becker says.This was not before they had paid in about US30,000."It's goodbye to that,"he says.