In about three years, the total amount my mother will have paid in premiums for her LTC ins. will exceed her Maximum Lifetime Benefit of about $131K. She doesn’t qualify for benefits yet. Am I correct in assuming she’ll have to continue paying the annual premium after that in order to maintain benefits, even though it’ll be a net loss for her in the long run?
Her policy is with Penn Treaty. She bought it in Florida, so I assume that state’s guaranty assn. will take over the policy when Penn’s liquidation is completed.
Source of insurance-forums.net
Her policy is with Penn Treaty. She bought it in Florida, so I assume that state’s guaranty assn. will take over the policy when Penn’s liquidation is completed.
Comments
Post a Comment