Which of the Following Should You Consider When Deciding When

question 15

Multiple Choice

Which of the following should you consider when deciding when to purchase long-term care insurance?

• A) Age.
• B) Health.
• C) Emergency savings.
• D) All of these answer choices are correct.

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Definitions:

Text Acceptance

Acceptance of an offer or agreement through written text, often facilitated by digital means such as SMS or email.

Auction With Reserve

An auction in which the seller reserves the right to accept or reject the highest bid if it falls below a predetermined amount.

Contract

An agreement between two or more parties that is enforceable by law.

Condition Precedent

A contractual term that requires a specific event or action to occur before a contract becomes binding.