The single most expensive rider that is on most Long Term Care Insurance plans is the Inflation Protection rider. This is a critical decision when considering Long Term Care insurance.
The good news is, deciding what type of inflation protection to buy can be fairly cut and dry once we make a few assumptions:
The chart below calculates benefits for a married couple, Bonnie and Wayne. The first set of numbers show's the amount of benefit Bonnie can expect in 11 years. Even in this short period of time, compound inflation protection has yielded a $21,171 advantage over 5% simple.
These matters can be confusing when generalized. Let one of our expert advisors email you specific numbers for your situation.