11. Colleen has a moderate but comfortable income from a stock and bond portfolio left to her by her late husband as well $1,500 per month from Social Security. Her assets total $250,000. At 70, due to increasing difficulty in walking, Colleen finds she needs assistance with several ADLs and help with the housework, in addition to requiring the services of a visiting nurse at least once a week. What is the best way for Colleen to pay for the cost of future long-term care? a. having planned with a disability insurance policy ob, having planned with long-term care insurance c. Medicare O d. Medigap 12. Which of the following is not one of the standard activities of daily living that must be specified in a tax-qualified LTC policy? o a. grooming b. bathing c. transferring O d. eating 13. Neal, 90, otherwise in good health, discovers he is no longer able to dress or bathe himself without assistance. His family doctor prescribes a plan for home health care, but Neal has no available family caregiver. Would these facts result in the payment of benefits by most long-term care insurance policies? oa. Yes, because of his extreme age. ob. No, because this sort of condition is to be expected in the elderly and is not technically a health issue. c. Yes, because the need for assistance with two or more ADLs is a benefit trigger in most LTC policies. od. No, because he seems otherwise in good health