[...] Although he paid out roughly $4,200 or more per year (starting at a much younger age than my mother) for 13 years for a total of around $60,000, Don suggests they would have otherwise spent that money on additional travel and not invested it. Therefore, having the insurance makes him feel secure. Most importantly, both he and his wife, who became in need of care much earlier in life than either of them had expected, qualified for benefits by being unable to perform two activities of daily living (bathing, dressing, toileting, transferring, walking, eating) at a time when they were not in the position of being able to care for one another. “I plan to stay in my home forever, and my insurance is making this possible,” Don comments. (see Part 3…) [...]
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[...] Although he paid out roughly $4,200 or more per year (starting at a much younger age than my mother) for 13 years for a total of around $60,000, Don suggests they would have otherwise spent that money on additional travel and not invested it. Therefore, having the insurance makes him feel secure. Most importantly, both he and his wife, who became in need of care much earlier in life than either of them had expected, qualified for benefits by being unable to perform two activities of daily living (bathing, dressing, toileting, transferring, walking, eating) at a time when they were not in the position of being able to care for one another. “I plan to stay in my home forever, and my insurance is making this possible,” Don comments. (see Part 3…) [...]