Detailed Entry Screen - Advanced Planning Options

Advanced planning options provide additional financial planning features to meet the planning needs of clients who demand a more sophisticated analysis. When you are entering advanced planning options in the detailed entry screen, an explanation of the option and the range of valid values for that option are displayed to the right.  Click on any field in this tab for an explanation of that field, or click on a tab to go to another screen.

Field Descriptions

	Premium Tax Deduction/Credit	Compensates for the impact of a deduction or credit for long-term care insurance premiums.  Back to screen
	Asset Liquidation Costs	Reduces the value of liquidated assets to account for liquidation costs such as broker commissions, when assets must be liquidated to pay for care.  Back to screen
	Care Cost Tax Factors	Indicates the net impact of tax policies on care cost. This may reduce the cost of care, where a deduction or credit is available to offset care costs. It may also increase costs, if income or capital gains taxes become due when liquidating assets to pay for care.  Back to screen
	Investment Return Assumption	Accounts for the cost of potential investment opportunity lost when invested funds are spent on premium and/or care. Back to screen
	Premium Increase/Decrease	Adjusts the insurance cost with a one-time change in the premium.  Back to screen
	Premium Changes in Year	The year in which the premium change, specified in the previous field, will take place.  Back to screen