Gabe Is 58 Years Old and Has Been Dependent on a Cane

question 99

Multiple Choice

Gabe is 58 years old and has been dependent on a cane for a couple of years.Gabe fears that he may need long term care services some day in the future.His net worth is $400,000 and he receives $50,000 per year in a pension.He considers himself to be in excellent health and has never had a serious health scare like a heart attack,stroke,or cancer.He eats lots of bran and exercises regularly.Which of the following policies would you recommend to Gabe?

• A) Gabe needs a disability income policy.
• B) Gabe should buy a long term care policy with a long elimination period,lifetime benefits,and a COLA.
• C) Gabe should buy a long term care policy with a five-year limit,short elimination period without a COLA.
• D) Gabe doesn't need disability insurance and probably can't qualify for long term care insurance.
• E) Gabe can qualify for Medicaid if and when he needs long term care services.

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A sector of the transportation industry that offers vehicles for hire on a short term basis, typically ranging from a few hours to several weeks.

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The complete amount of money allocated for the purchase of new assets, expansion of operations, or other investments within a particular period.

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