A LTC case - a broker has a client that he wrote a LTC policy on 13 years ago. He wrote a very high benefit - long benefit period. Back then - it was fairly inexpensive. The client went through 2 rate increases. Her premiums went up by 40%! She just was okayed for benefits. Cognitively - her first 6 months will pay out an amount almost equal to her total premiums!!!!!
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