Discuss some of the questions one should ask before buying long-term-care insurance. What guidelines can be used to choose the right policy?
Answer to relevant QuestionsWhat is disability income insurance? Explain the waiting-period provisions found in such policies.Use Worksheet 9.2. Bruce Kaplan, a 35-year-old computer programmer, earns $72,000 a year. His monthly take-home pay is $3,750. His wife, Barbara, works part-time at their children’s elementary school but receives no ...Explain the right of subrogation. How does this feature help lower insurance costs?Define no-fault insurance and discuss its pros and cons.Last year, Paul and Joanna Stillman bought a home with a dwelling replacement value of $250,000 and insured it (via an HO-5 policy) for $210,000. The policy reimburses for actual cash value and has$500 deductible, standard ...
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