The Duckett Family


Skip to comment form

    • Dave and Phyllis Shipley on March 15, 2021 at 7:57 am
    • Reply

    Need to decide by 3/29/2021 whether to renew our present Genworth policy or choose a less expensive option. We live in SC, are both 83, in good health , and have had the policy for 20 yrs. without any claims. Max benefit is approx.$450,000. Renewal premium is $7,858.82. Genworth sent us numerous options to consider at lower
    premiums . Some have inflation at compound 5% or simple 5% or no inflation benefit.

    Our dilemma is, given our age, should we stay with present renewal premium or choose a Stable option with no premium increase for 6 years.

    Any advice would be welcome.

    1. Hello Dave, my advice is to stay with your current Genworth coverage if you can afford it. The $7,858.82 premium is reasonable for your ages. You can still reduce benefits in the future if you receive another rate increase. At that point, you could decrease the inflation for example. Be very careful about decreasing the daily benefit. The goal of LTC insurance is that you are able to make up the difference between the charge and what your policy will pay at claim time.

    • Rochelle on December 23, 2012 at 1:37 pm
    • Reply

    Hello, I have been thinking it is time for me to check into LTC. any information that can help me would be of great value. I’m very healthy at this time but we never know what tomorrow brings and don’t want to be a burden to my children.
    Thank You, Rochelle

    1. YES, you are so smart to check into LTC insurance, Rochelle! If you don’t have a local financial professional who is knowledgeable in long-term care insurance, I’m happy to help. Please complete the short questionnaire at for yourself and your spouse or partner if applicable so I can check some options for you.

    • L. Zhang on December 22, 2012 at 6:52 pm
    • Reply

    A great story to tell people what we should do to our loved ones.

    1. that’s why I put it there, Ling. Such a wonderful story and it made all the difference in Helen and Vernon Duckett’s quality of life. Please share, share and share it some more!

Leave a Reply

Your email address will not be published.