Chapter 3

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" bgproperties="fixed" background="122285a1erlcgo.gif"> <div> <FONT SIZE="5" COLOR="#FFCC66" FACE="Arial" ><B>Long Term Care Partnerships</B></FONT><B>     |     </B><A HREF="index.htm" TARGET="_top" TITLE="Long Term Care Partnerships"><U><B>home</B></U></A><B>            </B><A HREF="id15.htm" TARGET="_top" TITLE="TABLE OF CONTENTS"><U>TABLE OF CONTENTS</U></A>   |   <A HREF="id55.htm" TARGET="_top" TITLE="FINAL EXAMINATION"><U>FINAL EXAMINATION</U></A></div> <div> <A HREF="id3.htm" TARGET="_top" TITLE="Chapter 1"><U>Chapter 1</U></A>   |   <A HREF="id66.htm" TARGET="_top" TITLE="Chapter 2 "><U>Chapter 2  </U></A>   |   <B>Chapter 3  </B>   |   <A HREF="id5.htm" TARGET="_top" TITLE="Chapter 4 "><U>Chapter 4 </U></A>   |   <A HREF="id6.htm" TARGET="_top" TITLE="Chapter 5 "><U>Chapter 5 </U></A>   |   <A HREF="id51.htm" TARGET="_top" TITLE="Professional Codes of Conduct"><U>Professional Codes of Conduct</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FFCC66" TEXT="#080000" background="121d2c00dkelyh.gif"> <div> <A HREF="mailto:instructor@wallstreetinstructors.com" TARGET="_top" TITLE="mailto:instructor@wallstreetinstructors."><U> <IMG SRC="12caf630.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0" width="175" height="99"></U></A></div> <div> <I><B>You can contact an instructor by clicking the Wall Street Instructors logo on any page.</B></I><FONT SIZE="3" COLOR="#003399" FACE="Arial" > </FONT></div> <bR> <div> Copyright ©2007 Wall Street Instructors, Inc. All rights reserved. No portion of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means electronic, mechanical, photocopying, recording or otherwise without prior written permission of Wall Street Instructors, Inc.</div> <bR> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I>Chapter 3  </I></div> <div> <B>LONG TERM CARE INSURANCE </B><B> </B></div> <bR> <div> The important points addressed in this lesson are:</div> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">insurers may design long-term care insurance policies to meet various needs</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">recent legislation's impact on LTC policy terms</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">consumers may select a number of options to tailor LTC policies to their individual needs</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">the importance of protecting LTC benefits from inflation</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">factors that affect the cost of long-term care insurance coverage</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">types of coverage available in the private insurance market today</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f000000000.gif" ALIGN="bottom" HSPACE="0" VSPACE="0" width="24" height="16">tax treatment of premium costs and LTC insurance benefits</div> <bR> <bR> <div> <A HREF="id17.htm" TARGET="_top" TITLE="LongTerm Care Policy Design"><U>Long-Term Care Policy Design</U></A></div> <div> <A HREF="id18.htm" TARGET="_top" TITLE="LongTerm Policy Options"><U>Long-Term Policy Options</U></A></div> <div> <A HREF="id19.htm" TARGET="_top" TITLE="LTC Insurance Premiums "><U>LTC Insurance Premiums </U></A></div> <div> <A HREF="id77.htm" TARGET="_top" TITLE="Taxation of LTCI"><U>Taxation of LTCI</U></A></div> <div> <A HREF="id78.htm" TARGET="_top" TITLE="Summary of Long Term Care Insurance"><U>Summary of Long Term Care Insurance</U></A></div> <div> <A HREF="id20.htm" TARGET="_top" TITLE="Chapter 3 Review Questions"><U>Chapter 3 Review Questions</U></A></div> <bR> <bR> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="97" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#FFCC66 > <tR> <tD VALIGN=CENTER HEIGHT= 38 WIDTH="87"><div> <A HREF="id17.htm" TARGET="_top" TITLE="LongTerm Care Policy Design"><U><B><U>NEXT</U></B></U></A></div> </tD> </tR> </TABLE></div> <bR> <bR> <bR> </td> </tr></table></body>