I work for a county government that does not pay into state disability. My husband and I are in good health, in our mid-30s, both work federal/state/county jobs, and do not plan to have children. We already have life insurance, but I’m worried about when we are older/Have major health problems. I was presented with a transamerica and fidelity plan for $400 a month in which we would receive immediate monies for any cancer diagnosis and would receive up to one million dollars for me, $200,000 for my spouse if we needed long term health care. Otherwise, it would be a life insurance payout if one of us died.
My husband said that it’s a scam and that we could always apply for disability if we needed long term health care. Is he right? Is this all a scam or not worth paying for? Should I cancel the policy (just signed up)?
Thank you for your help.
TL;DR: is long term health insurance not worth it right now.
Submitted October 11, 2017 at 03:45PM by question581 http://ift.tt/2g0FUUS
