If a long-term care policy is purchased prior to age ____,the buyer faces a significant risk because inflation may render the daily benefit woefully inadequate when care is ultimately needed.

Question

Quizplus · Accepted Answer

Purchasing a long-term care policy prior to age 60 poses a significant risk because inflation over the years can significantly diminish the value of the daily benefit, making it inadequate when care is eventually needed.

If a Long-Term Care Policy Is Purchased Prior to Age