Bobbi​ Hilton, 62, is considering the purchase of a 77​-year ​long-term care policy. If nursing home costs average ​$7 comma 3907,390 per month in her​ area, how much could she have to pay​ out-of-pocket for 77 years without​ long-term care​ insurance? What can Bobbi do to reduce the cost of this​ coverage?       Question content area bottom Part 1 The amount Bobbi would have to pay​ out-of-pocket for 77 years of nursing home costs without​ long-term care insurance is ​

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 40P
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Bobbi​ Hilton, 62, is considering the purchase of a
77​-year
​long-term care policy. If nursing home costs average
​$7 comma 3907,390
per month in her​ area, how much could she have to pay​ out-of-pocket for
77
years without​ long-term care​ insurance? What can Bobbi do to reduce the cost of this​ coverage?
 
 
 

Question content area bottom

Part 1
The amount Bobbi would have to pay​ out-of-pocket for
77
years of nursing home costs without​ long-term care insurance is
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