Reference no: EM132929572

Problem 1: "Linked-benefit" products combine:

a. Health and long term care insurance

b. Health and life insurance with long term care riders

c. Life insurance and long term care products

d. Tax benefits of life insurance with deductions for long term care payments

Problem 2: The primary disadvantage to our May/December couple of a procedural strategy that relies on Medicaid, from the planner's perspective, is:

a. The required loss of home

b. The choice of long term care facilities

c. The required spending of assets to a very minimal level

d. The fiscal stability of Medicaid

Problem 3: The primary benefit of purchasing a tax-qualified policy is:

a. The grade of nursing home which the beneficiary can enter is "A"

b. The policy premiums may be tax-deductible

c. Less restrictive qualification for benefits

d. Shorter qualification period