What Are Some Long Term Care Insurance Disadvantages?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe main disadvantage is never using the policy benefits, with no one to recoup the paid premiums. But remember you may never see the inside of a nursing home, but most seniors using elder care use assisted living at home, so the downside isn't so bad because most long term care insurance allows for in home care.Answered on August 22, 2013flag this answer
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