Which Is the LEAST Reliable and Complicated Way to Pay

question 7

Multiple Choice

Which is the LEAST reliable and complicated way to pay for long-term care?

• A)Buying long-term care insurance
• B)Using a reverse mortgage on the home owned by the person needing care
• C)Accelerating the death benefits from life insurance
• D)Borrowing from the cash value of a whole life insurance policy

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Definitions:

Interest in Existing

The inherent value or concern accorded to the state of being alive or existence itself.

Medical Research

The scientific study aimed at understanding human health and disease, developing treatments, and improving medical care.

Organ Allocation

This refers to the process and policies used to determine how organs are distributed to patients in need of a transplant.

Market Approach

A strategy or philosophy that emphasizes the role of market forces in shaping economic and policy outcomes, including within sectors like healthcare.