Suze Orman Reflects on a Missed Investment – Long Term Care Insurance – Chicago Sun-Times – 08/20/12

Chicago Sun-Times

August 20, 2012

Suze Orman Reflects on a Missed Investment – Long Term Care Insurance

“The last few years have been difficult; I have watched my mother go from being a strong, independent and active woman to being someone who cannot make a move without the help of her aide.”

“So, when it came to money, the only thing I really ever asked my mom to do was to let me buy her a Long Term Care Insurance Policy (LTC).”

“To give my mom the support she needs it costs me close to $25,000 a month. Yep, you read that right.”

“Here is ultimate irony: Over the years, I have had some health problems that are fine today. But, when I went to get my own LTC insurance policy two years ago I was denied for recent health reasons. If I had just gone one year earlier, that would not have been the case.”

 

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