7
AssignmentMultiple Choice

Buying Insurance

Question 7 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which policy type would pay for training for a family member of a policyholder?term-life insurancewhole-life insurancelong-term care insuranceshort-term disability insurance

Answer
A
term-life insurance
B
whole-life insurance
C
long-term care insurance
D
short-term disability insurance

Explanation

Long-term care insurance can help cover services that support a person who needs ongoing care, including training for a family member who provides that care. Term-life and whole-life insurance primarily provide a death benefit, while short-term disability insurance replaces income when the policyholder cannot work.

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