Bob and Jane, age 53 and 51, are physicians, each earning over $100,000 per year. Through years of prudent financial decisions and a commitment to saving money they have accumulated over $1,500,000 in assets, paid off their home, and have no outstanding debts. The couple's combined annual living expenses are $60,000, and they have planned their estate to reduce taxation to a minimum. Although Bob and Jane are not interested in life insurance, they want to learn more about long-term care insurance. Which of the following statements regarding their long-term care insurance needs are CORRECT?\ \ A)\ Premiums paid by the individual are tax-deductible as a medical expense for itemized deduction purposes, subject to limitations based on the individual's age.\ B)\ Medicare covers only a maximum of 100 days of custodial nursing care, and only the first 20 days are covered 100%.\ C)\ If the insured qualifies for a viatical settlement, the insured cannot exclude the gain from the sale of the policy if the proceeds are used for the insured's long-term care.\ D)\ Life insurance policies do not provide an accelerated benefit or living benefit rider which can be used to pay for nursing care costs.