You did such a great job finding your uncle a proper disability insurance policy that your aunt Elaine wants your help with her finances. She is 63 and a widow with about $1.4 million invest in rental real estate producing $84,000 a year in income. She also receives $1,000 per month in Social Security and $1,700 a month from her husbands IBM pension. She is comfortable living on $6,000 per month. Now, she is looking for a long-term care policy to cover her if she needs assisted living or nursing care. She would really like to stay somewhere nice in the Austin area to be close to her family. She also wants to make sure each of her grandchildren inherits a rental property when she dies. She wants a retirement community she could live independently in and then transition into care should the need arise. Address the following:

1. Is Medicaid a good option for her? Please explain giving at least 2 reasons supporting your position.

2. Recommend to her an appropriate long-term care policy for her. Include length of coverage, amount of coverage she needs, and riders you recommend. Explain why you are making the recommendations as if you are writing to her. You will need to research the cost of LTC facilities in the Austin area to figure out how much they cost. You also need to look up different rider options available on LTC policies. Cite the sources you use!! DO NOT make up numbers.