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[TSP_Strategy] Long Term Care (FLTCIP)

 

Has anyone had the situation where they had to use their long term care insurance, and if so, how would you rate the program?

I have had my Federal Long Term Care Insurance since January 2003, and I am currently paying $246.59 per month. I now have a maximum lifetime benefit of $325,204.05. Every January the maximum benefit is raised by 5%.

The reason I bought the insurance was to protect my assets from being drained for medical reasons. I know that only a small percentage of federal workers are enrolled, but I would like to know if there is anyone who give their in-put.

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Posted by: Dwight Waterman <dwight.waterman@yahoo.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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