Thursday, October 22, 2009

Partnership Plans

What type of LTCI policy constitutes a partnership plan?

In order for a policy to be partnership qualified it must have the following based on age:

Compound inflation: age 60 & under

Some form of inflation: age 61-75
(simple or compound)

No inflation required: age 76+

However, some carriers are coming out with a "pool of money" type policy which also meets partnership plan qualifications.