Date: Tue, 21 Feb 2006 22:36:12 -0600
From: "Cal" 
Subject: Re: Long-Term Care Insurance
Newsgroups: misc.invest.financial-plan
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"pixel_a_ted"  wrote in message
news:1140544486.017548.262460@g44g2000cwa.googlegroups.com...
> Cal wrote:
 > > ALL policies do NOT contain the same clause or clauses. SOME policies,
> > and it is ALWAYS spelled out on the face of the contract, do reserve
that
> > particular right. If the contracts were sold at a level that makes it
> > impossible
> > to maintain, AND they have that provison, YES they do.
> >
> Can you provide the name of some companies that do not reserve the
> right to raise the premiums?

Many companies offer such products. Look for a Contract that
is GUARANTEED RENEWABLE. That wording on the face
of the contract is a Guarantee that not only can the policy be
REnewed with the payment of a premium, but that the Premium
can NEVER be INCREASED (unless you buy something extra).


What happens if contracts were sold at a
> level that makes it impossible to maintain and they don't have the
> provision? Is that where another company would take over, as per your
> answer above?

YES

Does the company taking over the policy have the right to
> raise the premiums? I guess I am asking if it would really make a
> difference if a company didn't reserve the right to raise premiums.
> >

No, the wording of the Contract would still hold. They could petition
the Commissioner of Insurance to "alter the benefits", but I would
seriously doubt that such a petition would be accepted in todays
atmosphere.

>  > HOWEVER there are a number of companies that offer a Guaranteed
> Contract, payable over a 10 year period.
> >
> Which ones, please?

Lincoln Benefit for one.

Cal Lester  CLU