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LTC insurance affordability.


Only 5.6% of closed long-term-care insurance claims lasted longer than 36 months, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a survey conducted by consulting and actuarial firm Milliman inc. That's one reason Jesse Slome, head of Sales Creators Inc., said the vast majority of LTC LTC
abbr.
lieutenant colonel
 insurance buyers should consider policies offering three years of benefits, which can reduce annual premiums by 35% to 40% over a lifetime benefit.

Tom Bakos Consulting Inc. has patented a process to determine a tiered benefit structure for LTC insurance. Bakos, an actuary actuary

One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death.
 who founded the firm, said a LTC insurance product using this benefit design would cost about half of a similar product with a fixed daily benefit. As of September, Bakos had not licensed the product to any insurer. He said patent protection can allow exclusive use of the design.

LTC Financial Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a LTC insurance brokerage representing several carriers, has calculated that the current cost for a single day of LTC roughly equals the selling price of two square feet of the average American home For the American mortgage lender, see .
The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students.
. The brokerage is based in Kirkland, Wash.
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Article Details
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Title Annotation:SPOTLIGHT; Long term care insurance
Author:Panko, Ron
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2005
Words:177
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