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Long Term Care: A Personal Financial Decision

Jeff Brookman, Ann M. Hackert, Robert Picard
January 1, 2016
SKU:
BUS-004191
Region: 
North America
Topic: 
Accounting & Finance
Length: 
3 pages
Keywords: 
time value of money, finance, investments, personal finance, financial decisions
Student Price: 
$4.00 (€3.3)
Average rating: 
0

This critical incident can be used in a basic finance or personal finance class. The CI assumes the student has basic skills in finance, including an understanding of time value of money calculations and concepts. The topic allows students to apply theoretical concepts related to financial decisions to practice and application.

Learning Outcomes: 
  1.  Describe the purpose, characteristics, and uncertainty regarding the need for longterm care as part of financial, insurance, and retirement planning
  2. Identify the inputs needed to evaluate alternatives for financing long term care
  3. Evaluate alternatives for financing possible long term care
  4. Discuss recommendations for how David should proceed, and determine how David’s options might fit into the scope of his financial planning for retirement and insurance