Date: Wed, 8 Mar 2006 09:44:52 -0600
From: Douglas Johnson 
Newsgroups: misc.invest.financial-plan
Subject: Re: Long-Term Care Insurance
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	P23qBXOB1XYGlm6neNbcjpAhdMQ/iI9XHGHKcRNf3XVRaq8JIfkWTw==
	=Xlim

"Ron Peterson"  wrote:

>
>Elizabeth Richardson wrote:
>> "Ron Peterson"  wrote in message
>> news:1141746687.598548.6200@i39g2000cwa.googlegroups.com...
>
>> > The buy-in is like buying a condo and you will no longer need your
>> > present house which may fund that buy-in.
>
>> If it is like buying a condo, when you die will your heirs be able to sell
>> it and get your money back? Or is it more like dropping money down a hole?
>
>Your heirs won't get anything, but they won't have to support your stay
>in a nursing home. If a continuing care retirement home isn't
>affordable to you and still leave something to your heirs, then you
>will have to look at other options.

I worry about the care company going bankrupt and the resident losing the buy in
AND their residence.  Is the buy in escrowed or is it a general obligation of
the care company?

-- Doug