Long-Term Care Insurance and Planning

Free CFP Exam lesson in Risk Management and Insurance Planning. 14 min read, ~2,114 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. Medicaid 5-year lookback: transfers within 5 years trigger penalty periods; partnership programs protect assets dollar-for-dollar equal to...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• C.21

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