The official blog for the Friday Addition Foundations in Personal Finance class
Friday, February 28, 2014
February 28 - Online Discussion Question 3
Allen and Grace are blessed. Their moms are still alive and self-sufficient thanks to Social Security and modest pensions. Their dads had life-long jobs from which they retired. Both died after drawn-out illnesses that depleted their assets. Neither mom has any long-term care insurance, and they share a common interest in not talking about such a morbid, depressing subject. When Allen or Grace bring the subject up, they laugh and wave it off. Should Allen and Grace leave the subject alone?
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no, because everyone needs long term care insurance
ReplyDeletetravis
Allen and Grace should not leave the subject alone. Even though their moms aren't going to like it, they should keep on trying to talk about the subject and get their moms to get some long-term care insurance.
ReplyDeleteno, everyone needs long term care insurance at some time in their life.
ReplyDeleteAllen & Grace must bring up the subject more often, their moms need long-term care insurance, and must look into it now.
ReplyDeleteNo, they must convince their mothers to get long-term care insurance. It is a tough subject to talk about, but it must come up sooner or later. They need the care it provides.
ReplyDeleteAutumn
No. Everyone should purchase long-term care insurance at the age of 60. If the children cannot convince the moms to agree to acquiring long-term care insurance and they continue to refuse to talk about it, the children might want to take action and get the insurance for them.
ReplyDeleteThey should not just wave it off. Everyone needs long term life insurance once they get to a certain age.
ReplyDeleteNo, long term care insurance is important to have.
ReplyDeleteNo, they should pursue it while being respectful because it is a touchy subject for their mothers. Long term care insurance is important to have and they should discuss why and if their mothers still don't want to listen, I think the kids should take action and buy some for them if they're financially able.
ReplyDeleteNo. Long term care is very important and could save them a lot of money.
ReplyDeleteeyezik
No. The insurance they have through pensions and such are not only not dependably but they are also won't be enough to cover any long term care.
ReplyDeleteAdam
No. They should talk about their insurance options with their kids… They might regret it later….
ReplyDelete