Designing the Ideal Long-Term Care Policy

Opiela, Nancy
May 2006
Journal of Financial Planning;May2006, Vol. 19 Issue 5, p24
Academic Journal
The article discusses how financial planners should discuss long-term care insurance with their older clients. It also lists the ideal policy features of long-term care insurance, which include a high daily rate, inflation protection compounded at 5 percent, a lifetime benefit, and no elimination period, and ways to deal with the fact that many clients do not have enough money to fund an ideal policy. The article provides a long-term care insurance checklist to help financial planners educate their clients.


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