2.Recently, a married couple requested that you assist them by writing a modular, or targeted long-term care financial plan. The clients both turned 54 this monthand are fairly wealthy but not rich. Specifically, they wanted to consider self-insuring for any long-term care costs. However, they do not know whether they have adequate assets to self-insure. Use the following client assumptions to answer their questions.
Use this information to answer the following questions:
a. How much will assited living care cost per year when the clients reach age 77?
b. How much will nursing care cost per year when the clients reach age 80?
c. what is the total present value need for one person at age 77?
d. given the futrue value of assets saved for long-term care needs compared to future costs, should the couple plan to self-insure the need?
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