Detailed Entry Screen - Insurance Data

The insurance data tab allows the entry of details pertaining to the desired level of insurance benefits. All fields must be entered. A premium is automatically calculated based on age, health, and insurance data, using premium values which are a composite of several major long-term care insurance providers. You may override the calculated premium by manually entering an actual premium in this screen. Click on any field in this tab for an explanation of that field, or click on a tab to go to another screen. Controls at the bottom of the screen are the same on every tab, and are described in the explanations on the Personal Data page.

Field Descriptions

	Deductible Days	The number of days during the first benefit year for which no benefits will be paid by insurance. The deductible days are added to the end of the benefit period, if needed, so that maximum benefit days are not reduced by the deductible days. Deductible days can be 0, 30, 60, 90, 180 or 365.  Back to screen
	Daily Benefits	The maximum amount that insurance will pay for a day of care. Daily benefits must be between $50 and $300.  Back to screen
	Benefit Period	The maximum number of years for which benefits will be paid. Benefit period may be 3, 4, 5, or unlimited years.  Back to screen
	Inflation Type	Select for benefits to be increase by 5% simple inflation, 5% compound inflation, or not at all.  Back to screen
	Premium Value	The annual premium to be paid for each insured. In standard insurance design, this value is automatically calculated. You can override the automatic calculation by entering a premium amount here.  Back to screen
	Recalculate Premium	Overwrite manually entered premium and change back to automatically calculated premium.  Back to screen