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Robert Miller
Policy AAA4131673 · Prepared Sept. 6, 2026
Demographics
- Age
- 68
- Policy anniversary
- June 4, 2012
- Location
- Denver, Colorado
What Matters Most
Primary goal: Protect savings
Today's Policy
- Daily maximum · facility
- $210/day
- Daily maximum · home care
- $210/day
- Monthly benefit
- $6,300/mo
- Benefit Increase Option (BIO) rider
- 5% compound
- Benefit period
- Unlimited
- Lifetime maximum
- Unlimited
- Elimination period
- 90 days
- Issued age
- 56
Rate Benefit Options
| Option | Premium | Change vs. today | What changes |
|---|---|---|---|
Current | $884.00/mo | +$332/mo | Premium increase, no benefit changes. |
Option A Reduced Inflation Growth | $743.00/mo | +$191/mo | Inflation growth reduces to 2.5% compound. |
Disclaimer: Summary only, not an official record. Refer to your policy contract and rate action letter for complete terms.
Options in Detail
This lowers the premium compared with the full increase, but your benefits may grow more slowly over time.
- Benefit period
- 50 months
- Lifetime maximum
- $315K
- Daily maximum · facility
- $210/day
- Daily maximum · home care
- $210/day
- BIO rider
- 2.5% compound
- Elimination period
- 90 days
Daily benefit and assumed care cost
DISCLAIMER: Illustration only, not a guarantee. Modeled daily care cost: $262, derived from the median cost of care in the Denver, Colorado area per the CareScout Cost of Care Survey. Individual costs may vary.
Daily max × benefit period = total pool
Each option's lifetime maximum is its daily cap multiplied by the number of days in the benefit period.
Disclaimer: Illustration only, not a guarantee. Figures reflect current benefit values. Where an option includes a BIO rider (Benefit Increase Option), the daily maximum and total pool grow over time. Benefit payments are subject to the policy contract's terms, including the elimination period and benefit eligibility requirements. Refer to the policy contract and rate action letter for complete terms.
How long could each benefit pool last at an assumed cost of care?
Adjust the assumed daily cost of care — the bars below show how many years of care each option's pool would cover under that draw.
Disclaimer: Illustration only, not a guarantee. The durations shown are hypothetical, calculated by dividing each option's benefit pool by a modeled daily cost of care of $262, and are not policy benefit periods or predictions of how long coverage would last. Actual duration depends on the cost and amount of care received, benefit growth under any BIO rider (Benefit Increase Option), and the policy's terms. A lower modeled cost would extend these durations; a higher modeled cost would shorten them. Where an option has an unlimited benefit period, the policy continues to pay eligible claims for as long as care is needed; the duration shown for that option reflects only the modeled spending rate, not a limit on coverage.
Coverage vs. care cost
Each option's monthly benefit is projected from today through age 110, alongside projected care cost. Lines above the care-cost curve mean the benefit outpaces care cost.
Disclaimer: Illustration only, not a guarantee. Benefit values assume the policy remains in force with no claims, no future benefit changes, and no future premium rate increases. Future rate increases are possible. Projected care costs are based on the median cost for care costs in the Denver, CO area per the CareScout Cost of Care Survey, projected forward using the modeled annual care cost inflation rate selected for this scenario. Actual benefit values and care costs may differ significantly. Please refer to the policy contract for complete terms.
Planning Scenario
Genworth's claims experience shows the average reimbursement claim lasts about 2.6 years. Modeled here as ~8 months of home care, 17 months of assisted living, and 6 months of nursing — about 31 months total starting around age 83.
- Claim start age
- 83
- In (years)
- 15
- Duration
- 2.6 years (31 months)
- Care mix (months)
- Home care 8 · Assisted living 17 · Nursing home 6
- Modeled total cost
- $416,800
- Care-intensity assumption
- Moderate home-care intensity · ~40 hrs/week
Local Cost of Care (Today)
- Market
- Denver, CO · ZIP 80203
- Home care
- $5,100/mo
- Assisted living
- $6,700/mo
- Nursing home
- $11,800/mo
Projected Outcome
- Total modeled care cost
- $366,752
- Policy pays
- $271,386
- Out-of-pocket gap
- $95,365.3
- Percent covered
- 74%
- Care begins age
- 83
- Care ends age
- 85.6
Elimination Period
The policy has a 90-day facility elimination period. During that window the policyholder pays care costs out of pocket — an estimated $55913 under this scenario — before benefits begin.
Out-of-pocket cost before benefits begin
All options share a 90-day elimination period. The table shows out-of-pocket cost during that window, based on the average daily cost of care from Genworth/CareScout data.
| Option | Elimination period | OOP @ | vs current |
|---|---|---|---|
| Current(current) | 90 days | $23,580 | — |
| Option A | 90 days | $23,580 | — |
Plain-English Recap
Robert, today we walked through 1 of the rate action options in your letter, using a planning illustration to show what each option would provide if a long-term care event were to occur. You shared that what matters to you is preserving savings and retirement assets.
Next Steps
- Review the choices above with anyone who helps make this decision.
- Return the rate-action form by the deadline on the official letter.
- Call your representative with any questions before deciding.
Disclosures
This summary is for educational purposes only. It is not financial, tax, legal, or insurance advice, and no specific option is recommended. You are encouraged to consult with a trusted family member, friend, your agent, or a financial advisor before making any decision.
Plain English: This recap is meant to help you understand your choices, not to tell you which one to pick. Talk it over with someone you trust before deciding.
Per-option benefit amounts are illustrative estimates produced by Waterlily's planning models using each option's elimination period, monthly benefit maximum, BIO rider, and benefit-pool limit, together with modeled care costs, timing and duration of claim. They are not a guarantee of what Genworth will pay. Actual benefits depend on the policy contract and claim circumstances at the time of the claim.
Plain English: The dollar figures in this recap are estimates from a planning tool, not a promise from Genworth about what a real claim would pay.
The care scenarios in this summary are planning illustrations, not predictions. Scenario figures are based on Genworth claims experience and cost of care data from the CareScout Cost of Care Survey. Cost figures are medians. Your own care needs, timing, and costs may be significantly different from any scenario shown.
Plain English: The care scenario we walked through is one possible example, not a prediction of what will actually happen to you.
Premium amounts shown assume no future premium rate increases. Future rate increases are possible, and premiums are not guaranteed to remain the same.
Plain English: Not premium guaranteed — the premium shown is today's number. Genworth could raise it again later; nothing here locks in this rate forever.
Available options and consumer protections, including state Partnership program status, vary by state. The options, exact terms, and response deadline that apply to your policy are stated in your Genworth rate action letter. No change to your coverage will occur without your signed authorization, and any change you elect will be confirmed in writing.
Plain English: What's available to you and the exact rules can differ by state. Your official letter is the final word on the options and deadline that apply to you.
Final policy decisions must follow the instructions and deadlines in the official Genworth rate action letter.
Plain English: Nothing changes on your policy today. You need to return the form in your letter by its deadline for any change to take effect.