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TIAA and Long Term Care Insurance
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Jim Richardson
12-20-2005, 5:26 PM | Post #162604 |
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Recently a TIAA publication offered advice on how to transfer assets to children and grandchildren to "impoverish" onesself to qualify for Medicaid funding of long term care. I raised two objections: one that such advice might be legal but it was questionable ethically; and that TIAA never sang this song when it sold LTC insurance.
A TIAA spokesperson responded on the ethics issue but said nothing about TIAA's change of stance after it sold its LTC book to Metropolitan.
To me this is one more instance of the decline of a once great company. Allison has done it again.
Jim
Originally posted in thread: 1085
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