drebg

What a great thread! I've alwyas been a big COT fan and believe it can truly tell us volumes of how Smart Money "thinks". Well done- I'll do my best to add a post or two to help make it beneficial to all... Thanks for the info and time...

Yup! This is dead-on. I've used the 20/50 for years and now often simply use the 34 for this very reason.

Just a quick note on Nial- though there is SOME uniqueness to what he shares, false-breaks have been around forever. And, his setups ARE good but EVERYTHING he sells is in his free videos. Further, he has been kicked-out of MANY fourms/sites for his questionable motives/tactics/ethics. You can check more reviews at many sites including some threads I have been part of at Informedtrades.com. Just my 2 cents. Good luck, All!

tess- I've been a Financial Advisor for 16 years and counsel clients on purchasing this coverage regularly. UNLESS your current job is considered high-risk (police, fire, moto-cross racing etc.), I would NOT purchase LTCi but instead focus my premium dollars on good quality, solid, "modified own occupation" disability insurance. If you DO have a higher-risk job, it may be worth it. At your age, your ability to earn an income is by FAR your most important and largest asset. It eclipses your car, home, or other personal property yet we have insurance on all those things. If your occupation is highly specialized (surgeon etc), then I would recommend "true-own occupation" coverage (own-occ) which would cover your current occupation REGARDLESS of what else you may be able to do if "disabled" (think of a surgeon who loses a pinky: he can't do "his" job -surgury- but could still teach and earn an income). The old question to ask your self is: "If you had a machine in your garage that churned-out $50,000/yr (or whatever your earning potential is), what would you insure it for?" For reference, assuming you're in good health and in a "typical" occupation, it should cover roughly 60% of your pay monthly and it will probably cost roughly 2-4% of earnings. NOTE: Be careful of coverage you may have through your employer- they typically come with VERY poor "any-occupation" language that says the insurance company only has to pay if you can't do ANY job- not just your "own" job. Good luck!

Just a test post! Thanks! - D