Long Term Care Insurance
Your column in the 6/22 Morning Call in your example for the 60 year old single woman how did you get from a $100,000 deposit, $4000/mo x 6yrs =$78,000, to a total initial pool of benefits (?) of just over $318,000?
Thank you
Terry Says
The insurance company calculates that amount — and it is the base on which future inflation adjustments (if any are purchased) are based. What you are looking at in the monthly benefits is the “initial” benefit –if you needed care starting very soon. But that monthly amount would grow along with the inflation adjustment.
