Long Term Care: A Personal Financial Decision

Authors
Jeff Brookman, Ann M. Hackert, Robert Picard
Region
North America
Topic
Accounting & Finance
Length
3 pages
Keywords
time value of money
finance
investments
personal finance
financial decisions
Copyright Holder
Journal of Critical Incidents
Student Price
$4.00
Target Audience
Undergraduate Students
Executive Education

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