Reference no: EM132930575

Problem 1: Predict what type of long-term care policy their planner might recommend to the May/December couple instead of the joint policy.

a. Purchase individual policies from the same insurer with a spousal survivorship option.

b. Self-insure with a Medicaid backup.

c. Use a long-term care partnership program

d. Purchase a hybrid deferred annuity with long-term care option

Problem 2: Activities of daily living measure:

a. The ability to perform routine care functions

b. The ability to manage household assets effectively

c. Eligibility for acceptance into a nursing facility

d. Need for medical insurance riders or endorsements for blood products