It even happened to *Jim Cramer and his dad who recently passed away. Here are two paragraphs he wrote…
My mom died in 1985, but he still loved her and never remarried. He talked lovingly about her the night he died and wished she had been there. He thought she was an angel, which, of course, she was. But he took his independence seriously and lived alone in Society Hill Towers in Philadelphia for almost 30 years. He bought that long-term care insurance so he could be independent.
When he had a stroke three years ago and needed round-the-clock help, we had to fight those sons of bitches who wrote the policies to get the money they owed him to pay the nurse. I hate those guys because they tried to beat their obligations. We wouldn't let them get away with it, but don't tell Pop, because getting them to keep their word cost us almost as much as what the reimbursement was worth. I won't mention the company's name, but it was a disgrace, and if you have that insurance or your loved ones do, be prepared for them to try to screw you. I hope they won't. But many will try. I know that now.
* James J. "Jim" Cramer is an American television personality, a
former hedge fund manager, and a best-selling author. Cramer is the host
of CNBC's Mad Money
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