How Long Does Long Term Care Insurance Pay?

Recently there have been numerous mistakes in the media regarding how long does long term care insurance pay?  Many of the reports have stated that long term care insurance policies pay benefits for a year or two. Some reports have said that long term care policies...

What is “Pool of Money”?

Pool of Money = is the maximum amount of benefits a policy can pay in your lifetime. It is usually calculated by multiplying the daily benefit by 365 times the number of years in the benefit period. The pool of money increases according to whatever inflation benefit...