Monthly Archives: November 2014

How do I select an inflation rider on a long term care insurance policy?

The carriers has re-priced their products, so I don’t have a standard recommendation based on age of the applicant.   Here is an approach that may be helpful to you in the current environment. What is the cost of care increase in the recent years?  Let’s say it is 5% each of the last 5 years. Of the current monthly cost in your locale, how much do you want insurance to pay vs. your personal funds?  This is your monthly benefit. Now inflate that monthly benefit by 5% and what is the premium? Next, using the approximate premium, what monthly […]

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