We recently took over my mother's bills and finance. She battled us, but waited way too long to surrender the fight. We have had to put out many fires including "way over-due" bills. We came across evidence of a Long Term Care policy that she started years ago when healthy (she has dementia). I was able to set up a profile and access her status via their website. It says that the policy is inactive and last premium was 11/2017. My question is: Can she still collect benefits if needed? Can we re-activate the policy and start pickup on the premiums? I guess our main concern is that she would lose everything she paid into over the years because of her dementia. Thoughts??
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most policies allow you to name an additional contact so just in case things slip through the crack someone trusted can be alerted
my mother had a meager 4 year policy and will exhaust the benefits next month which paid out only 60% as memory care is not skilled nursing
it was a huge ordeal to initially get her claim approved and I can only imagine some folks would give up and not collect anything
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Frankly LTC companies can be brutal. One has to jump through heaps to abide by their rules which change to benefit them in terms of paying out. My mothers will expire in June and it was one of the wisest decisions she made. She was divorced for many years. The type of policy she bought is no longer sold by them. However if it were not for my husband and I advocating on her behalf it is likely much may not have been reimbursed. I am sorry you are dealing with this. I fully understand the headache involved.