What risk does Sarah run if she chooses a long-term care policy with a short benefit period 2 years? O The elimination period need will be quite large. If she needs care beyond 2 years, she will need to fund these costs from her own savings or investments. O The cost of the policy will be higher than for policies with a longer benefit period. O The elimination period need will be quite large and, if she needs care beyond 2 years, she will need to fund these costs from her own savings and investments.
What risk does Sarah run if she chooses a long-term care policy with a short benefit period 2 years? O The elimination period need will be quite large. If she needs care beyond 2 years, she will need to fund these costs from her own savings or investments. O The cost of the policy will be higher than for policies with a longer benefit period. O The elimination period need will be quite large and, if she needs care beyond 2 years, she will need to fund these costs from her own savings and investments.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What risk does Sarah run if she chooses a long-term care policy with a short benefit period
2 years?
O The elimination period need will be quite large.
If she needs care beyond 2 years, she will need to fund these costs from her own
savings or investments.
O The cost of the policy will be higher than for policies with a longer benefit period.
O The elimination period need will be quite large and, if she needs care beyond 2
years, she will need to fund these costs from her own savings and investments.
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