Which of the following are reasons why larger amounts of the population fail to purchase long-term care insurance?

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All of the options listed contribute to why larger amounts of the population fail to purchase long-term care insurance. Adverse selection occurs when those most likely to need long-term care are also the most likely to purchase insurance, leading to higher costs for insurers and higher premiums for consumers. Moral hazard refers to the phenomenon where having insurance might lead some individuals to take greater risks or neglect preventive measures, knowing that they have coverage. Intertemporal risk involves the difficulty in predicting future needs and the financial ability to cover those needs, which can deter individuals from purchasing long-term care insurance.

Which of the Following Are Reasons Why Larger Amounts of the Population