To to top it all off, the insurance only insured you up to like 70-80 years? Just when you need it most, they don't want to even insure you. Wise up.
Insurance is a risk calculated business where insurance company always win. How else they can afford a full color centerspread on newspapers announcing the success of their sales managers every now and then. They money comes from you. And when they increase the premium, did you see if they actually increase your coverage value? Or your coverage remains the same while they increase your premium stating higher medical cost but they conveniently did not increase your coverage... points to ponder. Mine did not increase the coverage while increasing the premiums and it's beyond 40% increase.

I had the same issue and I interpolated the increase amount up to age 75 when they stop insuring. The amount is staggering and I decided I am not going to do that.

Set aside funds for self insured. You have to be persistent in topping up that fund.

This post has been edited by Capt. Marble: Jan 11 2024, 07:24 AM