Advanced Planning Options

Advanced planning options allow the introduction of several additional factors which will affect the final financial result of long-term care. If the advanced planning options box is not checked, the options are not displayed:

In this case, the options which follow advanced planning will appear on the next line. By checking the Check to include box, the options will be displayed:

If advanced planning options are displayed and you uncheck the box, the fields will be reset to zero and hidden. A warning is displayed before this happens.

Field Descriptions

	Check to Include	When you check this box, the advanced planning options fields are displayed. If you uncheck this box, the fields are hidden, and advanced planning options are all reset to 0.  Back to screen
	Loss of Investment Opportunity	Accounts for the cost of potential investment opportunity lost when invested funds are spent on premium and/or care.  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
	Net Cost Adjustments	The combined effect of asset liquidation costs and care cost tax factors. May be positive or negative.  Back to screen
	Premium Tax Deduction/Credit	Compensates for the impact of a deduction or credit for long-term care insurance premiums.  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