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1.
Long-term care insurance policies are generally the same, making comparison only about premiums.
False. Long-term care policies are very different, so examine them closely when comparing.
2.
Which of the following is true about 55-and-over communities?
Moving to a 55-and-over community usually means you are moving to a smaller home. This can make a big difference in the taxes you currently pay.
3.
Which of the following is a true statement?
Married seniors are at less risk of living in poverty than single seniors. Single seniors are five times more likely to live in poverty than married seniors.
4.
Which of the following is true regarding Social Security benefit payments?
Social Security earnings are based on the average of 35 years of earnings. The lowest five years in the last 40 are dropped.
5.
Which of the following is false?
A woman may have lower retirement benefits because she retired before she was vested. She would have no retirement benefits unless she waits until she is vested to retire.