CASE $2$

The Hernandezes Face the Possibility of Long$-$Term Care

Victor Hernandez recently learned that his uncle has Alzheimer's disease. While discussing this tragedy with Maria, he realized that both of his grandparents probably had Alzheimer's or another dementia disease, although no formal diagnoses were ever made. As a result, Victor and Maria have become interested in how they might protect themselves from the financial effects of long$-$term health care.

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$($a$)$ What factors should the Hernandezes Page $349$ consider as they shop for long$-$term care protection?

$($b$)$ Victor is still in his $40s.$ How does his age affect their decisions related to long$-$term care protection?