Metropolitan Life Insurance Company MetLife Beware of Metlife Long Term Care Inssurnce Liberty Corner New Jersey

When I looked into getting this insurance with them a number of years ago, the information they sent said rates were likely to go up in the future and to take that into account. I decided to not take out the insurance.

When my dad was in the nursing home some years ago, there were annual increases and we were paying over $3,000/month and medicaid paid a sum to them too.

Have you read the WRITTEN policy to see what IT says?  The policy terms are what govern and take precedence over ANYTHING you may or may not have been told.

Nope, I don't work for them or even have their insurance.

It makes no difference what you were told, the WRITTEN policy is what determines what happens.  Have you read it, yet?

When I applied for the insurance some years ago, the paperwork with the application included the caveat that rates may increase in the future.

" is appears Metlife's plan is to sell their Long Term Care Insurance at a reasonable rate when you are young and do not need it and as you get closer to the age of possibly using the benefits, raise the prices so high you can no longer afford the insurance.  "

It's also a FACT that Long term care has been increasing at a rate more than inflation for years and may just be the reason for the majority of the increase(s).

No, I don't work for them, never have.

 There is a 10 YEAR difference between when you purchased your insurance. The economy has changed, this means even simple things like insurance has gone up. It may appear to YOU as a person who is aging that what you proposed is true, but since its ONLY been 10years, how can you make a statement such as that? All you can say with ANY certainty is that your premiums are going up. Its probably from Obama care, but thats too simple of a answer for some people. Some people MUST see a conspiracy even where there is none. Some people like yourself only have a SMALL tidbit of information and they run with it. A insurance company raises thier premiums in response to the demands that the very same people who are thier customer are putting on them. I dont know if you understand the basic principles behind how insurance works. Just because YOU are paying into your monthly premiums, doesnt mean that every customer is. That means that each month there are anywhere between 20-50% not paying thier bill on time. Now we switch over to the payout side. Everyday they are recieving requests for payment from the very same customers. So they get the lovely task of getting stiffed on dues, AND trying to pay out to some of the very same people that are screwing them. Not to mention all the fraud that they get to deal with from those same customers. So over all the costs have risen and when that happens it is ALWAYS passed onto the customer. No business is going to willingly eat extra costs. Thats NOT how a business stays in business. So yes your premiums have risen over a TEN YEAR period. But that doesnt mean that they are trying to get rich because of the increased premiums, they are just passing the added costs onto the people who are giving them the added costs.......the customer.