	Long-Term Care
	LTC Economic Impact Planning Model ™
	Revolutionary Holistic LTC Financial Planning Tool Patent Pending

UPDATE NEWS

Current users can download a free update now.

Version 1.96 Update

Additional Calculators

	Prior: Inflation Impact on Care Event Costs
	New: Inflation Impact on Elimination Period Costs
	New: Impact of Compound Versus Simple Benefit on CO-pay Costs
	New: Investments Required to Self Fund Future Care Costs

Expanded: Summary - Care Cost Only Report / With or Without Client Signature

Several users initially focus on care cost and requested a summary report that could be used in conjunction with the Cost of Care Report. The strategy is to gain client understanding of the problem and then discuss solutions. The signature option provides a future record of conversations about LTC financial impact and client decisions on whether to insure or self fund that risk.

Expanded: Disclaimer Report / With or Without Client Signature

While each applicable report page includes appropriate disclaimer footnotes, several insurance carriers have requested a separate "Disclaimer Page." We have now added a client signature option.

Prior Updates

New Summary - Care Cost Only Report

New Disclaimer Report

While each applicable report page includes appropriate disclaimer footnotes, several insurance carriers have requested a separate "Disclaimer Page."

Program Options (Default) Access from Quick Entry Page

Some users who primarily use the Quick Entry data screen have requested a direct link to the default section. A new "Program Options" button has been added to the Quick Entry Page as shown below.

Version 1.94b and 1.94c are technical updates with no effect on input or reports.

Version 1.94a
New Scenario Compare Report:
Care Cost vs. Benefit vs. Premium

Pictures, with supporting facts, are worth a thousand words!

Quickly identify value of insurance versus self-funding care cost. Powerful graphics plus the details, when needed.

Includes Premium Breakeven, Internal Rate of Return and Net Present Value results of alternative benefit choices. Illustrate impact of care events on family wealth, without insurance, with high co-pays and with comprehensive coverage.

Year 2004 Updates

Expanded Rate Tables for Automatically Calculated Generic Premiums

1. Generic 2004 Rate Table … Auto Calculated Premiums … Limited Pay, ROP and more.

BIG PICTURE PROJECTIONS REFLECTING TYPICAL NEW RATE STRUCTURES

Instant ballpark calculations for all significant benefit design options and riders. Including; Limited Pay, Return of Premium, Indemnity or Reimbursement, Survivor Benefits and Dual Waiver.

2. Generic 2000 … Auto Calculated Premiums … Basic Insurance Designs

Generic 2000 rates reflect typical premiums on policies issued up to 2004. These include automatic premium calculations for basic benefit design choices included in all prior versions of the software.

3. Custom Benefit Design …. User provides premium

Custom also continues as in earlier versions. Custom enables the user to illustrate projections based on designs available in most traditional long-term care policies. Since custom does not include rate tables, this choice requires the user to input premium.

Powerful additional tools to answer tough client questions!

	Why buy insurance when I can invest the premium and pay own costs?
	If I buy insurance, when do I get my money back?
	How do I figure out benefit choices that make sense financially?
	Am I better off with one of the limited premium payment options?
	Considering time value of money, does return of premium make sense?
	If my premium goes up in the future, will insurance still be a good deal?
	Will you explain your benefit recommendations to my CPA?

Reports Added in 2004

New: Scenario Summary with Graphic

New report with a powerful graphic message, and a summary of care cost impact, if no insurance and with insurance.

New: Scenario Assumptions & Key Projections with Graphic

New report detailing scenario input and details of major components in calculating care cost if no insurance, benefits, co-payments, premium and net care cost with insurance.

	New: Net Present Value (NPV) and Internal Rate of Return (IRR)
	Report illustrating and explaining NPV and IRR relevance in LTCi
	NPV and IRR data added to Compare Scenario Report
	NPV and IRR added to instant calculations in Quick Entry Form

Expanded: Premium Break Even Added to Benefit Design Report

For most scenarios, it dramatically illustrates the quick payback of insurance and the small amount of care that could be purchased if premium were deposited to a side fund investment. Expands information in NPV and IRR.

New: LTC Analysis Decision Process Overview

New text report introducing clients to LTC analysis concepts and options.

New: Scenario Compare Process Overview

An explanation of the range of analysis that can be completed when scenarios are developed, enabling apples and apples comparisons.

Premium Investment Opportunity Cost Options

Premium Break-even (PBE) or All-Years

This option allows the user to select their preference regarding duration of premium investment opportunity cost. The choice is either all years of the plan period or to the premium break-even point. Premium break-even is when premium dollars plus loss of investment opportunity to that point in time has been returned to the client in the form of claim payments.

© 2000-2005 LTCi Decision Systems, Inc. All Rights Reserved.			Press Information
Contact Us	About Us	Legal Notice		Privacy Notice	Web by Kasoff