I am considering attempting to buy a long term care policy but wondering about the health underwriting. Age 69, “well controlled” Type 1, zero complications, in great health (except for one chronic conditions requiring 24/7 insulin). My wife of 69 yrs age, good health and no chronic conditions is going to shop for policies and we have been told that certain joint coverage policies might make sense…which is why I might join in on the application and underwriting if I will not botch her underwriting by joining in. I’ve been told that the insurers are motivated to sell more policies by todays high interest rates.
Has anybody been through this process lately and had reasonably priced LTC with the health underwriting?