How do you track a fully paid up long term care policy?
The policy is a single premium universal life insurance with an LTC rider. If LTC isn't needed, then there is a death benefit. If LTC is needed, then the policy will pay for that based on its market return (e.g., if market does well, the total amount for paying the LTC will be higher). It seems like this should be tracked since it will have a direct impact on future cash flow, as well as the policy could be surrendered which would result in almost 100% return of premium.