baby boomers, may as well write about something

access their benefits for many years, having inflation protection helps keep your policy competitive with the rising cost of care. A 5 percent compound inflation protection rider is recommended for individuals purchasing long term care insurance who are under age 65. A more modest inflation protection option of 5 percent simple interest is recommended for people over age 65. With compound inflation doubling in 14.3 years, a 50 year old who purchases a $150 daily benefit with 5 percent compound inflation protection will have a $300 daily benefit by the time they are 65. The daily benefit will have grown by 5 percent compound each year. With simple inflation doubling in about 20 years, a 65 year old that purchases a policy with a $150 daily benefit and 5 percent simple inflation protection will have a policy that will have grown to $300 by the time they are 85 years of age. baby boomers