Long-term care policies

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Reference no: EM131646663

1. Which of the following best describes what life insurance is designed to protect against?

probability of dying increasing as you grow older

outliving your income

dying before financial obligations have been met

loss of income due to retirement

2. Long-term care policies:

provide coverage that is normally triggered by an inability of the insured to understand the ramifications of their actions

are not standardized

are purchased by more than 70% of U.S. senior citizens

legal in only 38 states

Reference no: EM131646663

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