____ is a long-term care provision that is especially important for a relatively young person purchasing this type of insurance.

Question

Quizplus · Accepted Answer

Inflation protection is especially important for a relatively young person purchasing long-term care insurance because the cost of long-term care services is likely to increase significantly over time. Without inflation protection, the value of the benefits provided by the policy may be significantly reduced by inflation. A long waiting period and benefit period, as well as the type of care covered, may also be important considerations, but they are not necessarily more important than inflation protection for a young person purchasing long-term care insurance.

____ Is a Long-Term Care Provision That Is Especially Important