insurance is paying for the insurance company to assume a risk of yours that you dont want to assume, at a considerable cost to you.
if you have financial independence, you can assume that risk for yourself and save the cost. that is my plan. but it is not just cost avoidance.
my plan also is to intensify my exercise regimen. I dont want to be in a position where I am covered for aging issues that I can try to preplan to avoid through exercise (I am 70 yo). I understand that there are aging illnesses that you cant prevent, but I do believe that vigorous exercise can help you maintain wellness. even dementia risk has been found to be reduced by aerobic exercise.
so I would rather pay my LTCI insurance cost as it were with sweat in the gym rather than paying the premium cost
if you have financial independence, you can assume that risk for yourself and save the cost. that is my plan. but it is not just cost avoidance.
my plan also is to intensify my exercise regimen. I dont want to be in a position where I am covered for aging issues that I can try to preplan to avoid through exercise (I am 70 yo). I understand that there are aging illnesses that you cant prevent, but I do believe that vigorous exercise can help you maintain wellness. even dementia risk has been found to be reduced by aerobic exercise.
so I would rather pay my LTCI insurance cost as it were with sweat in the gym rather than paying the premium cost
Statistics: Posted by rule of law guy — Thu Aug 15, 2024 8:14 pm — Replies 212 — Views 23208