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lt009
General information
| Question text: | Suppose that you own a long-term care insurance policy that covers a maximum annual spending of $^fl_amount_ltc on long-term care in any year in which you need care. Suppose that you will need long-term care for the next calendar year.
Earlier you put ^ltc_balls[1] ball(s) in the bin indicating "I will receive no payment at all". Suppose that this actually happened. In the case that you receive no payment next year, what is the percent chance that the long-term care insurance never makes another payment at any point in the future? This might occur if the insurance company goes out of business, they claim you violated a clause in the contract, or they ruled the policy void for some other reason. |
| Answer type: | Slider |
| Label: | chance never ltci payment |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |