Current Age: Your age now.
Age of Claim: Your age when you will start requiring benefit payouts.
The Policy Benefit Period you have chosen in you policy design.
Daily Benefit: Amount of LTC Daily Benefit you are purchasing.
Annualized Premium: The yearly premium you are thinking of paying, usually determined by the Premium Calculator.
Rate of Return on investment: A drop down box which allows you to choose an assumed rate of return on your
LTC premiums if you were to self-insure and invest your premiums instead.
You have a choice of a compounded investment return from 0 to 10% per year.
Inflation: The inflation option you have chosen for your LTC Plan. A dropdown box gives you a choice
None: A choice of no inflation benefit applied to your original Daily Benefit
Simple: The original Daily Benefit is increased by 5% each year of the original benefit chosen. For example, 5% Simple on an original daily benefit of $100 per day would increase the benefit each year by $5 on policy.
Compound: The original Daily Benefit grows by a 5% compound interest rate each year at policy anniversary. The 5% is applied to the total amount of benefit each year.
Tax Bracket: Select the value closest to your current tax bracket.