Re: FYI - HI-TECH ASSISTED LIVING
D.C. Jones (jones(AT)tdl.com)
Thu, 23 Jul 1998 12:03:34 -0700
Is I recall 1 in 1200 will need to use there fire insurance on there
home during there life time. This figure maybe higher.
But 1 in 3 will need some sort of senior assisted living care in there
life time. As you may or may not know this type of care costs several
thousand dollars a month and is responsible for decimating many a
seniors property and savings. And any planned inheritance for there
loved ones.
You can purchase insurance for just kind of assisted care living and as
I recall the time to start the policy in in your early fifties. Not sure
if, and, but, or what effect TM would have on such a policy. More than
likely raise the rates substantially.
Having a Day
Dave
ps: not a bad investment senior care is. Much depends on management and
demographics. And some are tied into 'REITS'. Which are real estate
investment trusts which are performing well with acceptable exposure to
loss, plus they pay dividends. DO YOUR OWN RESEARCH