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lt006
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. We would now like to focus on what might happen just during this next calendar year. You have been given 20 balls to put in the following bins. Each bin describes a scenario that involves the long-term care insurance payment that you are supposed to receive next year. The more likely you think a bin is, the more balls you should put in that bin. What do you think will happen to the long-term care insurance payment next year? |
| Answer type: | Custom |
| Label: | probability ltci payment |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |