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- Thu Oct 05, 2017 1:06 am
- Forum: Personal Finance (Not Investing)
- Topic: Question About Long Term Care
- Replies: 75
- Views: 6359
You are at the perfect age to purchase LTC. It is simply insurance, like term life - it is not an investment. With pure-insurance (not hybrid) LTC plans, you buy a specific benefit amount, which grows each year if you buy the inflation protection option. The formula is Daily Benefit Amount x No. of ...