Your clients, Jamal and Chyna Gwynn, would like you to estimate their LTC insurance needs. Use the following information to determine the disability insurance need for Jamal and Chyna separately:

Jamal: Age forty eight; Life Expectancy: Age ninety seven

Chyna: Age fifty; Life Expectancy: Age ninety five

Cost of Care Today: $78,000

Age of LTC Need: seventy three for Jamal and seventy five for Chyna

Length of LTC Need: four years

Federal Marginal Tax Bracket: 24 percent

State Marginal Tax Bracket: 5 percent

Rate of Salary Increase: 0 percent

Assets to Be Used in Case of LTC Need: $150,000

What is the LTC need for one person?

What is the LTC need combined?

How much, if any, LTC insurance should Jamal and Chyna purchase?