Ed

Comments:

• Thank you so much for all of the accurate information about these rip off insurance companies. I have had the exact same experiences with them. The insurance companies make you feel that they are the ones taking the gamble on whatever they are selling, but in the end they make sure it will cost you more (one way or the other) if they are going to lose the bet! I take care of the paperwork for my mothers LTC policy. After several years of the evasions by the insurance company, i would have been much further ahead if i had taken the money out of my own pocket and paid for her care! The stress and aggravation they put someone thru is not worth it. I can't wait for the end of this hell they have put me into. I have learned a lot: How to carefully construct letters so there is no wiggle room for them and they must give me a response. How to keep very accurate records of every single contact with them and organize them for quick reference when they try to confuse me with their lies. How to carefully dissect their responses to be able to use as rebuttal against them. How to verify, verify and then verify again with any communication with them. How to never ever trust anything any insurance company tells you! Do not even begin to think of buying ANY type of policy (LTC, life, annuity, etc) from and insurance company, they will lie, cheat and steal your money and life away.

  Post: Their Loss, Your Gain

  Link to comment from June 30, 2021

• I have had terrible problems with LTC insurance company for my mother. Starting the 5th year now and still a constant battle. No way could she possibly be able to sit on the phone and write letters to them and follow up. I don't trust any insurance company, for any product that they dupe you into buying. Once you give them any money it-is-theirs and they will do anything they can not to give it back to you!! Hours of my life wasted every week for the last 4 years.

  Post: Built for Ease

  Link to comment from May 2, 2021

• agree, you don't have to suffer any cognitive decline as you age if your body is given the proper building blocks throughout life.

  Post: Built for Ease

  Link to comment from May 2, 2021

• vanguard had the the treasury money market fund VUSXX which i thought was about as safer as i could get. But i just received a notice that they were changing the make up of the fund. Now were do i go to be as safe?

  Post: Straight Talk

  Link to comment from April 30, 2021

• I have had similar problems with the LTC insurance policy for my mother. The insurance company eventually pays what they owe however, not before making you suffer untold aggravation. They make sure that it will cost you many times more than the amount of money you will eventually receive. I have been fighting with them for more than 3 years now. One needs to have quite a substantial buffer for the 6 or more months it takes to get any of the money you are owed out of them. Every month or so there is another issue that needs to be addressed that will again take another 6 plus months to resolve. Just keeping track of all these problems is a paper work nightmare. I can only come to the conclusion that once you give ANY money to an insurance company for any type of insurance it is there's to keep! There only job is to then not give ANY of it back to policy holders. LTC insurance is a scam to fleece the unsuspecting and anyone who purchases it is a fool!

  Post: Caring for Mom

  Link to comment from April 10, 2021