Assignment:
Using the following resources put together a plan for Zac and Mary as it relates to covering their long-term care costs (Link: https://longtermcare.gov). Make sure you identify and discuss the following components:
a. The importance of long-term care strategy/plan
b. Factors that influence the need for long-term care
c. Activities for daily living
d. Average costs of long-term care
- Nursing home
- Assisted living home
- At home services
e. Factors in considering a long-term care policy
- Premiums
- Renewals
- Types of care
- Coverage
- Benefit Periods
f. Tax implications of benefits
g. Alternatives to a long-term care policy