Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. sam is 60 years old and recently started relying o

Sam is 60 years old and recently started relying on cane for last few years. Sam...

50.1K

Verified Solution

Question

Finance

Sam is 60 years old and recently started relying on cane forlast few years. Sam thinks he may need long-term care services someday in the future. His net worth is around 1 Million and hereceives $60,000 per year in a pension. He considers himself to bein excellent health and has never had a serious health situations.Food Sam eats are fairly healthy and includes lots of whole grainand nuts. He also exercises regularly. What is your recommendationto Sam?

Answer & Explanation Solved by verified expert
4.3 Ratings (871 Votes)
Hello As per the situation of old man given in the question it was clearly mention that he was ability to take risk His net worth is 1 million and he has receive pension of 60000 per year he has sufficient    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

How is it that the experimental method allows researchers to draw cause and effect conclusions? Identify the...

Basic Math
1.2K views

The payoff X of a lottery ticket in the Tri-State Pick 3 game is $500 with...

Accounting
1.2K views

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts—the B300 and the T500. An absorption...

Biology
1.2K views

Question 8 Points 2 Which of the following correctly represents the overall outcome of Nixon...

Physics
1.2K views

are as registered by 8 A centigrade and a Fahrenheit thermometer a dipped in boiling...

Physics
1.2K views

Temperature of nitrogen in a vessel of volume 2 m is 288 K A U...

Geometry
1.2K views

oblem 2 Suppose that a right triangle has legs of lengths 7 cm and 5...

Statistics
1.2K views

1 During his NBA career Larry Bird made approximately 89 of all free throws Suppose...

Algebra
1.2K views

Find In 62 rounded to the nearest tenth Provide your answer below

Accounting
1.2K views

Mark dies survived by his wife, Marie. Mark's will was drafted some 30 years before...

Accounting
1.2K views

Show all work. You may create an excel spreadsheet but it is not necessary for...

Accounting
1.2K views

Information concerning a product produced by Ender Company appears here: Sales price per unit Variable...