Which of the following statements about long-term care insurance is (are)true?
I.Long-term care insurance is inexpensive,especially if purchased at older ages.
II.Purchasers have a choice of daily benefits and benefit periods.

Question

Quizplus · Accepted Answer

Statement I is false as long-term care insurance can be quite expensive, especially for those who wait until older ages to purchase it. Statement II is true as purchasers have the option to choose their daily benefit amount and benefit period to fit their needs and budget.

Which of the Following Statements About Long-Term Care Insurance Is