1. Using the following resources put together a plan for Zac and Mary as it relates to covering their long-term care costs (Link: http://longtermcare.gov).  Make sure you identify and discuss the following components:

     

    • The importance of long-term care strategy/plan
    • Factors that influence the need for long-term care
    • Activities for daily living
    • Average costs of long-term care
      • Nursing home
      • Assisted living home
      • At home services
    • Factors in considering a long-term care policy
      • Premiums
      • Renewals
      • Types of care
      • Coverage
      • Benefit Periods
    • Tax implications of benefits
    • Alternatives to a long-term care policy

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