Long-Term Care Insurance and Planning

Free CFP Exam lesson in Risk Management and Insurance Planning. 15 min read, ~2,212 words.

Benefit trigger: 2 of 6 ADLs (bathing, dressing, eating, toileting, transferring, continence) for 90+ days, OR cognitive impairment, these are independent triggers. Compound inflation protection is the gold standard for buyers under 70 (20-year projection on a $200 base: $531 compound vs. $400 simple vs. $200 with none). Medicaid 5-year...