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|Subject: Re: Long Term Care Insurance||Date: 2/27/2003 12:10 AM|
|Author: FAEZ||Number: 8381 of 20228|
Simply begin asking questions or making comments under this post and we'll see what happens
I have a lot of questions about LTC and most of what I read just makes my head spin. I'd really like to know the trade-offs of the various coverages.
For example, I know it's cheaper if you start younger. Of course, then you pay in longer. Also, less coverage like $100 a day is cheaper than $200 a day. And inflation adjusted payouts cost more than non-inflation adjusted. Also, there are inflation adjustments at a compound rate and at a simple rate.
It would really be helpful to see a chart of the premiums charged. The left column would have the person's age. Next column would be $100 per day non-inflation adjusted, next, $100 per day with 4% simple inflation, etc., etc.
I know this is hard since rates vary by location, health, etc. But just a SAMPLE chart would at least give us some idea of what we're talking about.
Perhaps this is beyond the scope of this discussion board.
Just a thought.
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