| Policy A You start with a daily benefit of $150, benefit multiplier of 1460 days, 5% compound inflation rider, the current cost of care in your area is $130 a day, your estimated length of care is 750 days, medical care inflation rate 7% compound. Starting Pool Of Money = $219,000 Policy B You start with a daily benefit of $300, benefit multiplier of 750 days, 5% compound inflation rider, the current cost of care in your area is $130 a day, your estimated length of care is 750 days, medical care inflation rate 7% compound. Starting Pool Of Money = $225,000 The Bottom Line on (Policy A) in 20 years Your Daily benefit would grow to $398 a day, however, your future daily benefit need would be $503 leaving you a deficit of ($105 a day). If you required care for 750 days; total out of pocket expenses for your care equals ($78,750) The Bottom Line on (Policy B) in 20 years Your Daily benefit would grow to $796 a day; your future daily benefit need would be the same $503 leaving you a reserve of $293 a day. If you required care for 750 days you still have a reserve account value of $219,750 Monthly Premium for our examples: · Married age 55, 90-day elimination period: Policy A= $110.651 Policy B = $85.942 Long-Term Care insurance is really more of a commodity; you are really buying money not time. It really comes down to how much money you want to buy and how you want it paid-out during your time of need. Let the LTC InfoCenter e-Reps™ help you design your LTC insurance. Sensitive guidance. Smart solutions. 1(Unum Advantage Plus North Carolina, lifetime 5% compound inflation rider, Married Preferred Plus Rate with 100% Home Care). |