A retiree with a total monthly income of $300 and assets of less than $3,000 would be OA) not a likely prospect for LTC

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A Retiree With A Total Monthly Income Of 300 And Assets Of Less Than 3 000 Would Be Oa Not A Likely Prospect For Ltc 1 (27.6 KiB) Viewed 40 times

A Retiree With A Total Monthly Income Of 300 And Assets Of Less Than 3 000 Would Be Oa Not A Likely Prospect For Ltc 2 (45.36 KiB) Viewed 40 times

A Retiree With A Total Monthly Income Of 300 And Assets Of Less Than 3 000 Would Be Oa Not A Likely Prospect For Ltc 3 (50.37 KiB) Viewed 40 times

A retiree with a total monthly income of $300 and assets of less than $3,000 would be OA) not a likely prospect for LTC insurance B) an excellent prospect for LTC insurance OC) a reasonable prospect for LTC insurance OD) eligible for Medicare benefits to cover LTC expenses
Question #6 of 45 Question ID: 574322 John has a tax-qualified indemnity long-term care insurance policy. The annual cost of his care in a long-term care facility is $104,400. The annual benefits from his long-term care insurance policy amount to $102,200. How will his benefits be taxed? OA) A total of $2,200 will be taxed. OB) Ten percent of his benefits will be taxed. OC) The amount over the IRS's daily benefit limit for an indemnity policy will be taxed. OD) His benefits will be free from income taxation.
Question #6 of 45 John has a tax-qualified indemnity long-term care insurance policy. The annual cost of his care in a long-term care facility is $104,400. The annual benefits from his long-term care insurance policy amount to $102,200. How will his benefits be taxed? Question ID: 574322 OA) A total of $2,200 will be taxed. OB) Ten percent of his benefits will be taxed. OC) The amount over the IRS's daily benefit limit for an indemnity policy will be taxed. D) His benefits will be free from income taxation.