Several years ago my financial advisor got me to purchase a Long Term Care policy for my wife (she's currently 57 and healthy)
It has always been a bit expensive, but yesterday's mail had the new annual premium indicating it is increasing from $3100 to $7800.
Is this corporate greed, inflation, or an indication of an inept company trying to claw back profits from a disastrous offering?
I'm probably in the hole $30k, but I'm having a hard time continuing this money pit. What would you do?
It has always been a bit expensive, but yesterday's mail had the new annual premium indicating it is increasing from $3100 to $7800.
Is this corporate greed, inflation, or an indication of an inept company trying to claw back profits from a disastrous offering?
I'm probably in the hole $30k, but I'm having a hard time continuing this money pit. What would you do?